Sime’s China port sale to have minimal impact

Cross-border asset: Sime Darby’s Weifang Port in Shandong province will be the firm’s single operational asset there post-disposal of the Jining operations. Sime has invested over RM1bil in Weifang Port, say analysts.

PETALING JAYA: The sale in one of Sime Darby Bhd’s ports in China is expected to have minimal impact on the group’s earnings moving forward.

Analysts are mainly “neutral” on Sime Darby’s recent proposal to dispose of a 70% stake in Jining Port for RM181.6mil, to be realised over a three-year period.