News Formal

Sime Darby divesting Weifang Port companies for RM1.27b

  • 📰 malaymail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

KUALA LUMPUR, July 4 — Sime Darby Bhd is exiting the non-core ports business by divesting the entire equity interest in its Weifang Port companies for 1.92 billion yuan (about...

KUALA LUMPUR, July 4 — Sime Darby Bhd is exiting the non-core ports business by divesting the entire equity interest in its Weifang Port companies for 1.92 billion yuan .

In a statement today, Sime Darby said besides the disposal consideration, SDOHK will receive an indicative sum of 541 million yuan as repayment of shareholder loans. Sime Darby has in recent years been progressively divesting assets which have been identified as non-core, as part of the group’s efforts to streamline its portfolio and redeploy capital to support the growth of its core businesses of industrial and motors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEDC wants private sector involvement in hotel industryKUCHING: The Sarawak Economic Development Corporation (SEDC) wants private companies to invest in the hotel sector in the state.
Source: staronline - 🏆 4. / 75 Read more »