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2.23   +0.01 (0.45%)  2.21 - 2.24  1,297,700
2,113 comment(s). Last comment by HuatAh8809 at May 8, 2021 2:53 PM
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72 posts

Posted by hazli > Mar 12, 2021 1:15 PM | Report Abuse

KUALA LUMPUR (March 11): Sime Darby Plantation Bhd (SDP) has commenced legal proceedings against non-governmental organisation (NGO) Liberty Shared’s managing director Duncan Jepson to obtain information pertaining to a complaint filed by Jepson with the Securities Commission Malaysia (SC) against the planter.
In a statement, the plantation giant said it had announced legal proceedings for the discovery of critical information against Jepson on March 9 in the Eastern District of Virginia, US. SDP said the purpose of the proceedings is to obtain important information pertaining to a complaint filed by Jepson with the SC, which alleged that SDP had made wrongful disclosures in its 2019 Sustainability Report.
The SC has commenced investigations into Jepson’s complaint and had accordingly sought additional information from SDP, the planter added. SDP said it will fully cooperate with the SC, and as such said it was vitally important that SDP obtain limited but critical information from the complaint filed by Jepson.
This is the first time in SDP’s 200-year history that we have resorted to taking legal action against an NGO. SDP engages with non-governmental and civil society organisations across the world, supportive and respectful of the important role they play in society. It is this relationship of mutual respect that has allowed SDP to become an industry leader, trusted by our peers, customers, and important stakeholders like highly reputable NGOs,” it said.
SDP said that despite several direct and indirect engagements, Jepson continues to withhold vital information that could have helped the plantation workers that he has claimed to champion.
SDP had in fact appointed PwC Singapore in October 2020, on Jepson’s request, to share with us the information necessary to address the alleged issues found in our plantations. Subsequently, PwC Singapore appointed yet another individual who works closely with Jepson and Liberty Shared, again on Jepson’s request. Neither PwC Singapore nor the individual have been able to share the material information needed to address any issues that may exist in our plantations,” SDP noted.
Meanwhile, Jepson has expressed his view that the appointment of NGOs to assist SDP would not be ideal as, in his opinion, 'social compliance specialists will not be able to offer an honest assessment of corporate governance and internal controls'. He also continues to withhold information despite repeated assurances that our main concern is the wellbeing of our workforce and that at SDP, whistleblowers are protected as a matter of course.” it added.
Liberty Shared had filed a complaint with the US Customs and Border Protection (CBP) on April 20, 2020, alleging the use of forced labour in the production of palm oil at SDP’s Malaysian estates. SDP was made aware of this complaint on July 7, 2020, where the NGO had issued a summary of the complaint on its website. According to SDP, this summary did not contain sufficient information to allow it to close any alleged gaps in its operations that would have benefitted its workforce.
In December 2020, the CBP had placed a withhold release order on SDP.
On March 1, SDP appointed a Third-Party Human Rights Commission to offer independent and expert assessments of the company’s entire Malaysian operations.

8871 posts

Posted by dompeilee > Mar 16, 2021 6:15 PM | Report Abuse

dompeilee I SOLD 80% of my Sime shares bought @ 2.41 last year for 2.49 on Monday after receiving the dividend
12/11/2020 7:02 PM

Bought back the Sime I SOLD @ 2.49 in November...for 2.21 just now.
25/02/2021 3:42 PM

Whooshhhhh! Last min push to 2.48 close! =)

60 posts

Posted by BursaMaster121212 > Mar 17, 2021 9:24 PM | Report Abuse

expect them to benefit from auto recovery

35 posts

Posted by hoot9e996 > Mar 19, 2021 5:55 PM | Report Abuse

What happened last minute?

779 posts

Posted by Consultant > Mar 22, 2021 10:43 AM | Report Abuse

Coming down to 2.2 again

60 posts

Posted by BursaMaster121212 > Mar 23, 2021 12:39 AM | Report Abuse

why palm oil so high, this stock not so high ah?

44 posts

Posted by OperationMoneyball > Mar 27, 2021 2:52 PM | Report Abuse

Amazing Parade Sdn Bhd is making a mandatory takeover offer to Eastern

4867 posts

Posted by Keyman188 > Mar 28, 2021 2:07 PM | Report Abuse

More Than 528 Million Shots Given: Covid-19 Tracker

In the U.S., 140 million doses have been administered; rollout goes global

(Updated: March 28, 2021, 8:06 AM GMT+8)

The biggest vaccination campaign in history is underway. More than 528 million doses have been administered across 141 countries, according to data collected by Bloomberg. The latest rate was roughly 13.8 million doses a day.

In the U.S., more Americans have received at least one dose than have tested positive for the virus since the pandemic began. So far, 140 million doses have been given. In the last week, an average of 2.68 million doses per day were administered.

## https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/

4867 posts

Posted by Keyman188 > Mar 28, 2021 2:08 PM | Report Abuse

Israel successfully vaccinated...

US faster than expected...

779 posts

Posted by Consultant > Apr 16, 2021 8:29 PM | Report Abuse

Israel successfully vaccinated...

wait and see.. they just started not wearing mask... and their amount in intensive care is quite a lot lol.. more than in malaysia

779 posts

Posted by Consultant > May 7, 2021 9:27 AM | Report Abuse

waiting 2.1 to enter.. yum yummm

4535 posts

Posted by shortinvestor77 > May 7, 2021 4:10 PM | Report Abuse


188 posts

Posted by HuatAh8809 > May 8, 2021 2:53 PM | Report Abuse

Looks good..I got this stock

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