Sime Darby Berhad firms up plans for the divestment of Jining ports

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.

Northport and Weifang Sime Darby Port Sign Sister Port MOU

Beijing, China, 15 May 2017 - Northport (Malaysia) Bhd (Northport) and Weifang Sime Darby Port Co. Ltd have signed a Memorandum of Understanding (MoU) to establish a sister port relationship. Under the MoU, the two ports will cooperate in port management and facilitate halal trade shipment between Malaysia and China.

Halal Industry Development Corporation Signs MoU with Weifang Sime Darby Port Co., Ltd., China to Develop 1B1R Halal Infrastructure

Petaling Jaya, 21 July 2017 - Halal Industry Development Corporation (HDC), an agency under Malaysia’s Ministry of International Trade and Industry (MITI) signed a Memorandum of Understanding (MoU) with Weifang Sime Darby Port Co., Ltd., China (WSD) on 21 July 2017 with the aim to develop Halal compliant infrastructure at Weifang Sime Darby Port and an industrial park in accordance with Malaysia’s Halal standards.

Weifang Sime Darby Port Launches Liquid Terminal

Weifang, 11 August 2017 - Weifang Sime Darby Port Co. Ltd. launched its liquid terminal on 9 August, expanding its range of services to provide storage and usage of terminal facilities for bulk oil and chemicals at the port.
 

Sime Darby Expands China’s Weifang Port

Sime Darby Berhad, Malaysia’s biggest conglomerate, today announced major plans to expand its port operations in Weifang, China, to take advantage of growing demand for transport and shipping in the world’s second largest economy.

This involves investing some RMB2.8 billion (RM1.4 billion) over the next three years to expand its port operations in Weifang. Weifang is located in the Shandong Province, which is the third biggest province in China in terms of economic size. A further RMB700 million (RM350 million) investment is being considered depending on economic factors.