Four sign up for Sime Darby auto spin-off

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By Rev Hui
14 Aug 2014

Malaysian conglomerate Sime Darby has mandated four banks to work on the IPO of its automobile unit, Sime Darby Motors, according to bankers close to the transaction.

CIMB, Deutsche Bank, Maybank and Morgan Stanley have been hired to arrange the deal. One Malaysia-based syndicate banker said the IPO could be worth more than $500m, while a banker in Hong Kong said the company could raise as much as $750m.

“We’ve only just got the mandate, ...

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