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Sime Darby dividend share scrip loses appeal

Its shares hit RM8.78 on Dec 16 - 2% less than the RM8.94 new share issue price

Kuala Lumpur

WHEN the stock market plummeted last week, Sime Darby's dividend share reinvestment plan (DRP) appeared in danger of being outright dismissed by minorities after its share price dipped below the issue price of the new shares.

The selling tide of equities led by tanking