BERNAMA.com - Sime Darby Exploring Opportunites To Monetise Shandong Logistics Investment
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Sime Darby Exploring Opportunites To Monetise Shandong Logistics Investment

Last update: 23/02/2018
 
KUALA LUMPUR, Feb 23 (Bernama) -- Sime Darby Bhd is exploring opportunities to monetise its RM2.4 billion investment in the logistics business in Shandong, China.

Group Chief Executive Officer Jeffri Salim Davidson said its investment in Shandong comprised Weifang Sime Darby Port, three river ports and a water treatment plant.

"Monetising basically means we are taking money out of the business, selling part of it.

"Listing is probably a bit difficult because it is too small to be meaningful," he said at a briefing on the company's first-half financial year 2018 results here today.

He, however, declined to disclose details except to say that Sime Darby had yet to speak to any party on the monetisation plan.....

 
 
 

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