Malaysia's Sime cuts bid price for Hyundai-Berjaya


KUALA LUMPUR, June 17 (Reuters) - Malaysian conglomerate Sime Darby Bhd reduced its offer price for a 51 percent stake in car distributor Hyundai-Berjaya Corp Bhd by 12.2 percent on Thursday amid market concerns it might have overpaid for the deal. The revision came after Sime replaced its chief executive, sparking concerns in the market that the new chief executive might abort the purchase. Sime is now offering 3.60 ringgit ($0.95) a share, compared with the 4.10 ringgit it paid in ...

Premium Content (PAID Subscription Required)

"Malaysia's Sime cuts bid price for Hyundai-Berjaya" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×