Malaysia Sime shares up after rejecting stake in power cable

KUALA LUMPUR, June 26 (Reuters) - Shares of Malaysia's Sime Darby (SIME.KL), the world's largest listed palm oil firm, rose 2.2 percent on Thursday after it rejected offers to take a stake in an undersea cable project to carry electricity from Sarawak in Borneo.

Sime Darby shares rose as much as 2.2 percent at 9.45 ringgit per share by 0102 GMT. (Reporting by Niluksi Koswanage; Editing by Kim Coghill)