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Sime Darby opens new unit in China

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Sime Darby opens new unit in China Empty Sime Darby opens new unit in China

Post by hlk Thu 14 Jun 2012, 21:22

Sime Darby Bhd, Malaysia's biggest conglomerate, established the
Chengdu Bow Yue Used Cars Centre Company Ltd in China on Monday. It
received the business licence approval for the company yesterday.


Sime Darby said the RM17.02 million entire registered capital for
the centre will be held by B.M.W. Concessionaires (H.K.) Ltd, an
indirect wholly-owned subsidiary of Sime Darby.



The centre's core activities are display and sale of used cars and
consultancy services for motor vehicles, it said in a filing to Bursa
Malaysia today.



The centre's establishment is not expected to have a material
effect on the earnings or net assets of the Sime Darby Group for the
financial year ending June 30, 2012, it added. -- Bernama
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