In latest update, Sime Darby Plantation says foreign shareholding slips to below 10%

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KUALA LUMPUR (Sept 16): Sime Darby Plantation Bhd’s foreign shareholding slipped to 9.97% as at August 28, 2020 from 10% in July 2020, according to latest updates on the company’s website.

"As at 28 August 2020, foreign shareholding: 9.97% (-3 basis points MoM (month-on-month) ),” Sime Darby Plantation said.

The company said it has 6.88 billion issued shares.

According to Sime Darby Plantation, its foreign shareholding slipped to below 10% for the second time in August 2020 since December 2017, when foreign shareholding stood at 13.92%.

Sime Darby Plantation’s foreign shareholding had in May 2020, slipped to 9.95% before rising to 10.07% in June 2020, the company said.

As at Aug 28 this year, Sime Darby Plantation’s largest shareholder is Malaysian governnment-owned investment arm Permodalan Nasional Bhd which has a 56.78% stake in the plantation group, while the country’s Employees Provident Fund holds a 15.55% stake, Sime Darby Plantation said.

At Bursa Malaysia yesterday (Sept 15), Sime Darby Plantation’s share price closed up seven sen or 1.39% at RM5.12 for a market capitalisation of RM35.25 billion.

The stock saw 1.27 million shares traded.