Sime Darby Plantation: Statement on Discovery Application in the United States

PRESS RELEASE

For Immediate Release
Tuesday, 16 March 2021


Sime Darby Plantation: Statement on Discovery Application in the
United States


 
Kuala Lumpur, 16 March 2021- Sime Darby Plantation Berhad (SDP) refers to its press statement dated 11 March 2021 pertaining to a discovery application filed in the Eastern District of Virginia in the United States. The discovery application was predicated on SDP’s understanding that an investigation had commenced as a result of the complaint lodged by Duncan Jepson of Liberty Shared to the Securities Commission Malaysia (SC). It has since been clarified by the SC that there is no investigation into the complaint at present. Accordingly, SDP has now withdrawn the discovery application.


For further information, please contact:

Azneal Azam
Tel: 03-78485369 (Off), 016-3376160 (HP)
E-mail: azneal.azam@simedarbyplantation.com


Hisyam Samad
Tel: 03-78484410 (Off), 012-6929358 (HP)
E-mail: hisyam.samad@simedarbyplantation.com


ABOUT SIME DARBY PLANTATION


Sime Darby Plantation is the world’s largest producer of Certified Sustainable Palm Oil (CSPO), with a CSPO production of 2.5 million MT.

As a fully integrated global plantation company, SDP is involved in various activities along the full spectrum of the palm oil value chain including upstream plantations, downstream operations, Research & Development, renewables and agro-business. Its upstream operations are spread across Malaysia, Indonesia, Papua New Guinea and the Solomon Islands. Its downstream business, known as Sime Darby Oils, spans across 16 countries worldwide and involves the manufacturing as well as the sales and marketing of oils and fats products, oleochemicals, palm oil-based biodiesel, nutraceuticals and other palm oil derivatives.

With a workforce of over 88,000 employees and a strong focus on operational excellence, research, innovation and sustainability, Sime Darby Plantation is one of the largest companies on Bursa Malaysia with a market capitalisation of RM33.73 bn (USD8.20bn) as at 15 March 2021.
 
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