KUWAIT INCREASES STAKE IN SIME DARBY
The Kuwait Investment Office (KIO)
has increased its stake in <Sime Darby Bhd> to 63.72 mln
shares, representing 6.88 pct of Sime Darby's paid-up capital,
from 60.7 mln shares, Malayan Banking Bhd <MBKM.SI> said.
    Since last November, KIO has been aggressively in the open
market buying shares in Sime Darby, a major corporation with
interests in insurance, property development, plantations and
manufacturing.
    The shares will be registered in the name of Malayan
Banking subsidiary Mayban (Nominees) Sdn Bhd, with KIO as the
beneficial owner.
 REUTER
