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| Sime, Ramunia extend signing to Aug 3 |
| Written by Joseph Chin | |||
| Friday, 03 July 2009 18:42 | |||
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KUALA LUMPUR: Sime Darby’s unit and Ramunia Holdings Bhd have extended the signing of the definitive sale and purchase agreement from July 3 to Aug 3. Sime said on July 3 the extension was made at the request of Sime Darby Engineering Sdn Bhd (SDE). Under the agreement, SDE would acquire the business and undertaking, including the assets and liabilities of Ramunia for a total provisional purchase consideration of RM232.0 million. However, this would also hinge on a due diligence inquiry to be undertaken on Ramunia.
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