Sime Darby Weifang port
PETALING JAYA: Sime Darby Bhd
’s proposed sale of its port assets will result in a net gain of RM35mil and the proceeds will be utilised for investment opportunities, capital expenditure and repayment of short term borrowings.
Sime Darby announced on Monday it entered into seven share sale agreements with SPG Bohaiwan Port Group Co (SPG) to divest its entire interest in the Weifang Port companies for RM1.27bil cash.
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