Company Name

:

SIME DARBY BERHAD
Stock Name

:

SIME  
Date Announced

:

03/01/2012


Type

:

Announcement
Subject

:


Description

:

Establishment of Chongqing Bow Chuang Motor Sales & Services Co., Ltd
(Announcement pursuant to Chapter 9.19(23) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements)

Announcement Details/Table Section :

Sime Darby Berhad (Sime Darby) wishes to announce the establishment of Chongqing Bow Chuang Motor Sales & Services Co., Ltd (CQBC) in the People's Republic of China on 28 December 2011. The business licence approval was received by Sime Darby on 30 December 2011.

The entire registered capital of CQBC of RMB35,000,000 (approximately RM17,570,000) will be held by B.M.W. Concessionaires (H.K.) Limited, a wholly-owned subsidiary of Sime Darby.

The principal activities of CQBC will be the display of vehicles, provision of technical consultancy and marketing consultancy services for motor vehicles, sales of parts of vehicles and motorcycles.

The establishment of CQBC is not expected to have a material effect on the earnings or net assets of the Sime Darby Group for the financial year ending 30 June 2012. None of the directors or substantial shareholders of Sime Darby or persons connected to them has any interest, direct or indirect, in the said establishment.

This announcement is dated 3 January 2012.