Sime Darby, MMHE dispute over yards referred to arbitrators

KUALA LUMPUR:  Malaysia Marine and Heavy Engineering Sdn Bhd’s (MMHE) dispute with Sime Darby Bhd unit Sime Darby Engineering Sdn Bhd (SDE) over two fabrication yards have been referred to arbitrators.

Sime Darby said on Thursday SDE had received a notice of arbitration from MMHE over the May 27, 2011 sale and purchase agreement (SPA) and supplemental SPA  dated March 30, 2012 where SDE would dispose of its oil and gas business to MMHE.