KUWAIT INCREASES STAKE IN SIME DARBY
  The Kuwait Investment Office (KIO)
  has increased its stake in &lt;Sime Darby Bhd> to 63.72 mln
  shares, representing 6.88 pct of Sime Darby's paid-up capital,
  from 60.7 mln shares, Malayan Banking Bhd &lt;MBKM.SI> said.
      Since last November, KIO has been aggressively in the open
  market buying shares in Sime Darby, a major corporation with
  interests in insurance, property development, plantations and
  manufacturing.
      The shares will be registered in the name of Malayan
  Banking subsidiary Mayban (Nominees) Sdn Bhd, with KIO as the
  beneficial owner.
  

