text: [{"text_idx": "#000003", "text": "Sime Darby to divest hospital business, land to reduce borrowings"}, {"text_idx": "#000004", "text": "Sime Darby Bhd sees its hospital business as non-core and is in talks with interested parties to divest it by early next year. (Facebook pic)"}, {"text_idx": "#000007", "text": "\u201cI think there has been a significant level of interest from quite a number of players,\u201d he said, adding talks are ongoing and that he expects the divestment to be completed by first quarter of next year."}, {"text_idx": "#000008", "text": "The confirmation that Sime Darby aims to divest its non-core businesses to reduce its borrowings comes on the heels of its proposed acquisition of a 61.2% stake in UMW Holdings Bhd from its parent company Permodalan Nasional Bhd (PNB) for RM3.57 billion today."}, {"text_idx": "#000009", "text": "The exercise, one of the largest merger and acquisition deals in Malaysia, is expected to transform Sime Darby into the country\u2019s leading automotive player with the addition of Toyota and Perodua, capturing up to 60% of domestic automotive total industry volume."}, {"text_idx": "#000010", "text": "The group expects to complete the takeover of UMW by end-February 2024."}, {"text_idx": "#000011", "text": "\u201cSime Darby has previously divested some of its non-core businesses. The hospital is non-core, which is why it\u2019s a part of the divestment,\u201d Jeffri said at Sime Darby\u2019s fourth quarter results briefing today."}, {"text_idx": "#000014", "text": "Meanwhile, Sime Darby group chief financial officer Mustamir Mohamad said the proceeds from the proposed divestment would be utilised to trim UMW\u2019s debts totalling RM2.7 billion."}, {"text_idx": "#000015", "text": "Sime Darby had earlier announced a net profit of RM1.46 billion for the financial year ended June 30 (FY2023), up by 32.2% from the RM1.1 billion recorded last year."}, {"text_idx": "#000016", "text": "The better performance was mainly due to improved results from its industrial division as its Australasian operations delivered higher profits, and a gain on the disposal of properties in Hong Kong."}, {"text_idx": "#000017", "text": "The conglomerate said its revenue increased 13.6% to RM48.3 billion in FY2023 versus RM42.5 billion in FY2022."}, {"text_idx": "#000018", "text": "For the fourth quarter ended June 30 (Q4 FY2023), its net profit jumped to RM622 million from RM278 million in the same quarter last year, while revenue for the quarter rose 22.4% to RM13.3 billion, compared with RM10.9 billion in Q4 FY2022."}, {"text_idx": "#000019", "text": "The group declared a second interim dividend of 10 sen per share for Q4 FY2023, payable on Sept 29."}, {"text_idx": "#000020", "text": "Sime Darby\u2019s share price close 1 sen or 0.48% higher at RM2.11, giving it a market capitalisation of RM14.38 billion."}, {"text_idx": "#000023", "text": "Sime Darby Motors launches training academy for retail, distribution staff; for technical and soft skills"}, {"text_idx": "#000028", "text": "Keeping your phone on the lap while driving can land you a fine of up to RM1k or three months jail \u2013 police"}, {"text_idx": "#000029", "text": "Newborn dies in hospital hours after being found by roadside in Kajang"}]