Disposal to net proceeds of RM182 million
Sime Darby Berhad today announced that an indirect wholly-owned subsidiary of the Group, Sime Darby Overseas (HK) Limited (SDOHK), has entered into a series of agreements with Jining Port and Shipping Development Group Co., Ltd (JPSDG) to divest its entire interest in three joint venture companies operating three river ports in Jining in the Shandong Province, for a net amount of RMB293.9 million (RM181.6 million), to be realised over a period of three years.