Sime Darby Bhd sets up Singapore subsidiary

Sime Darby Bhd sets up Singapore subsidiary

PETALING JAYA, Dec 3: Sime Darby Bhd announced that it has incorporated an indirect wholly-owned subsidiary, Sime Darby Real Estate Management Pte Ltd (SDREM), in Singapore on Dec 1.

In a filing with Bursa Malaysia yesterday, Sime Darby said that SDREM, which provides property management services, was incorporated as a private company with limited liability.

Sime Darby said the incorporation is not expected to have a material effect on its earnings or net assets of for the year ending June 30, 2016.

— THE SUN

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