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Sime Darby sets up firm in China
by hlk Tue 10 Jan 2012, 07:33
Sime Darby Bhd has set up Nanjing Sime Darby Motors Sales and Services Co Ltd (NSDM) in China.
In a filing to Bursa Malaysia today, Sime said the business licence approval was received on Jan 6, 2012.
"The
entire registered capital of NSDM of 5 million renminbi (approximately
RM2.49 million) will be held by Shanghai Sime Darby Motor Commerce Co
Ltd, a 60 per cent-owned unit of Sime," it said.
Sime said the
principal activities of NSDM were sales of motor vehicles, display of
motor vehicles and provision of technical consultancy services for motor
vehicles.
It said the set-up of NSDM was not expected to have a
material effect on the earnings or net assets of the company for the
financial year ending June 30, 2012. -- BERNAMA
In a filing to Bursa Malaysia today, Sime said the business licence approval was received on Jan 6, 2012.
"The
entire registered capital of NSDM of 5 million renminbi (approximately
RM2.49 million) will be held by Shanghai Sime Darby Motor Commerce Co
Ltd, a 60 per cent-owned unit of Sime," it said.
Sime said the
principal activities of NSDM were sales of motor vehicles, display of
motor vehicles and provision of technical consultancy services for motor
vehicles.
It said the set-up of NSDM was not expected to have a
material effect on the earnings or net assets of the company for the
financial year ending June 30, 2012. -- BERNAMA
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