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SIME DARBY TO MAKE COUNTER PROPOSAL TO IOI ON PALMCO SHARES.
KUALA LUMPUR, Nov 28 (bernama) -- Sime Darby Bhd has received a proposal from IOI Corporation Bhd on how to maintain the listing status of Palmco Holding Bhd, and will be making a counter offer soon.
"I am waiting for a suitable time to contact Tan Sri Lee (Shin Cheng) to make that counter offer," said Sime chief executive Tan Sri Nik Mohamed Yaacob at a press briefing on the conglomerate's first quarter result.
He said that he was awaiting "the right time" to personally call Lee to convey Sime Darby's counter-offer.
He hoped to contact Lee before the end of the week.
Nik Mohamed said that Sime Darby's counter offer would take into account …
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