KUALA LUMPUR, Aug 19 — Sime Darby Plantation Bhd and PTTGC International Private Limited have signed an agreement to divest their collective 100 per cent equity interest in the Asia Pacific business of Emery Oleochemicals Sdn Bhd and Emery Specialty Chemicals Sdn Bhd to Edenor Technology Sdn Bhd for RM38 million.
“The divestment is conditional upon the restructuring of Emery Group into separate standalone groups in respect of its Asia Pacific business, and the North America and Europe business,” the plantation company said in a stock exchange filing with Bursa Malaysia.
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