Global Services Centre has 510 employees and provides services such as human resource management, finance, procurement services and IT to operating units in the Sime Darby Group. Some of these services include the processing of account payables and receivables, book keeping services, human resource administration and payroll services, procurement services (sourcing and vendor registration), corporate card services as well as information technology services (such as server hosting). In May 2019, Sime Darby Berhad’s Global Services Centre was acquired by DXC Technology. Sime Darby Lockton Insurance Brokers Sdn Bhd (26364-U) is an approved insurance broker under Financial Services Act 2013 and regulated by Bank Negara Malaysia. The company provides risk management, insurance and takaful solutions. Sime Darby Berhad has a 60% stake in Sime Darby Lockton Insurance Brokers Sdn Bhd, via its subsidiary, Sime Darby Allied Products Berhad. Lockton Overseas Limited owns the remaining 40% stake. Eastern and Oriental stake In August 2011, Sime Darby purchased a 30% stake in Penang-based property developer Eastern and Oriental Bhd (E&O) for RM766 million or RM2.30 per share. It was made at a 60% premium to the market price then from three shareholders – E&O managing director Terry Tham, prominent businessman Wan Azmi Wan Hamzah and Singapore stockbroking group GK Goh Holdings Ltd. In 2014, Sime Darby sold 110 million ordinary stock units of RM1 each in Eastern & Oriental Bhd (E&O) to Morning Crest Sdn Bhd for RM319 million or RM2.90 per stock. Upon completion of the sale, Sime Darby's equity stake in E&O reduced to about 22% (excluding treasury stocks). In 2016, Sime Darby who then owned a 22.2% stake in E&O sold a 10% stake for RM323.3mil or RM2.45 per share to E&O group managing director Datuk Seri Terry Tham. Tesco Malaysia stake Until 2020, Sime Darby held a 30% stake in Tesco Malaysia (M) Sdn. Bhd., one of the largest food retailer chains in the country with over 60 locations in Malaysia. In April 2020, it was announced that the company's stake would be divested for proceeds of RM300 million following the sale of the chain to Thailand-based Charoen Pokphand, which subsequently rebranded all Tesco Malaysia locations with the Lotus's name. The divestment, marking Sime Darby's exit from the hypermarket business, was part of its wider move to rationalise non-core assets. Corporate social responsibility Yayasan Sime Darby is the philanthropic arm of Sime Darby. Sime Darby Bhd agreed to contribute