Sime Darby buys 65% stake in Yunnan-based car dealer for RM11.8mil


The company said in a statement that Elsa marks the launch of the Sime Darby Property Affordable Collection which include high-rise and landed properties priced below RM500,000, located within the Klang Valley

KUALA LUMPUR: Sime Darby Bhd says a unit in China is buying a 65% equity interest in a motor vehicle sales and services company based in Yunnan province for RM11.83mil.

“The proposed acquisition is to further strengthen the Sime Darby Group’s footprint in the Yunnan province,” it said in a filing with Bursa Malaysia on Friday.

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