KUALA LUMPUR: Sime Darby Bhd
has entered into two equity purchase agreements worth RM25.62mil with Beijing Yintong Guoji Investment Advisory Co Ltd.
The deals, inked through indirect wholly-owned unit Sime Darby Overseas (HK) Ltd, is for the acquisition of a 51% stake each in Weifang Wei Gang Dredging Project Co Ltd (WF Dredging) and Weifang Wei Gang Tugboat Services Co Ltd (WF Tugboat) for RM18.09mil and RM7.54mil, respectively.
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