Sime Darby - Bakun Cost Overrun

Sime Darby: Bakun Cost Overrun Research report by CIMB research. Read it more here.

Sime Darby - Trouble Looming

KUALA LUMPUR, Aug 12: Is Sime Darby heading for another round of trouble after suffering losses topping RM3 billion last year?

Kumpulan Guthrie Berhad, a company now part of the embattled Sime Darby, recently lost a civil suit to Indonesian firm PT Adhiyasa Saranamas in the Indonesian Supreme Court in excess of US$25 million, which has now ballooned to US$41 million.

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Sime Darby Review by RHB - 14 May 2010

Review from RHB on Sime Darby losses on their Energy & Utilities division. View the report.

Sime Darby - RM964m provision for E&U (16sen per share) bigger than expected and change in management

www.klse.com.my (announcement) | 13.05.2010

SIME DARBY ADDRESSING CHALLENGES IN ITS ENERGY & UTILITIES DIVISION

The Board of Directors of Sime Darby Berhad would like to state that in October 2009 it established a Board Work Group to review the operations of its Energy & Utilities Division (the “Division”). The purpose of the Work Group was to assess the corporate governance and performance of the Division, following its results in FY2009. The Work Group consists of Datuk Seri Panglima Andrew Sheng Len Tao (Chairman), Tan Sri Wan Mohd Zahid Mohd Noordin and Datin Paduka Zaitoon Dato’ Othman. The Work Group has been advised by independent lawyers and accountants.

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