Company Name

:

SIME DARBY BERHAD
Stock Name

:

SIME  
Date Announced

:

09/01/2012


Type

:

Announcement
Subject

:


Description

:

Establishment of Nanjing Sime Darby Motors Sales & Services Company Limited
(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 Nanjing Sime Darby Motors Sales & Services Company Limited (NSDM) in the People's Republic of China on 5 January 2012. The business licence approval was received by Sime Darby on 6 January 2012.

The entire registered capital of NSDM of RMB5,000,000 (approximately RM2,488,250) will be held by Shanghai Sime Darby Motor Commerce Company Limited, a 60% owned subsidiary of Sime Darby.

The principal activities of NSDM will be sales of motor vehicles, display of motor vehicles and provision of technical consultancy services for motor vehicles.

The establishment of NSDM 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 9 January 2012.