Thursday, 4 July 2013

Sime Darby signs RM25m equity deals

Sime Darby Bhd’s unit, Sime Darby Overseas (HK) Ltd, has signed two equity purchase agreements with Beijing Yintong Guoji Investment Advisory Co Ltd worth RM25.6m. They are for the acquisition of a 51% equity interest each in Weifang Wei Gang Dredging Project Co Ltd (WF Dredging) and Weifang Wei Gang Tugboat Services Co Ltd (WF Tugboat) for RM18.1m and RM7.5m respectively. The remaining stakes in the two firms are held by Weifang Sime. (BT)

Source: CIMB Daybreak - 04 July 2013

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