Sime Darby looking to list port in China

Sime Port IPO: Timothy Lee showing aerial view of Weifang Port and explaining its expansion plan. Photo by Ho Wah Foon at Weifang Port.

WEIFANG (Shandong): Sime Darby Bhd is looking to list Weifang Port in China as part of a plan to monetise its assets and maximise returns.

Sime Darby Utilities Sdn Bhd managing director Timothy Lee said that the Weifang Port “has been profitable since day one of the takeover”, and is ranked by BMT Consulting as one of the most efficient and cost-effective ports in China.