Sime Darby group CEO Datuk Jeffri Salim Davidson (pic) said the agreements allowed for a staggered exit from its investment in the three ports over three years and it was very much in line with its strategy to divest non-core assets of the group
PETALING JAYA: Sime Darby Bhd
’s unit is divesting its stakes in three joint-ventures (JVs) operating three river ports in Jining in the Shandong province of China for RM181.6mil as it seeks to exit its non-core assets.
In a statement, it said Sime Darby Overseas (HK) Ltd (SDOHK) had entered into a series of agreements with Jining Port and Shipping Development Group Co Ltd (JPSDG) to divest its entire interest in the three JVs.
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