Company Name
:
SIME DARBY BERHAD
Stock Name
:
SIME  
Date Announced
:
15/01/2014


Type
:
Announcement
Subject
:
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Description
:
Commencement of liquidation of Sime Darby Elco Power Equipment (Shenzhen) Limited
(Announcement pursuant to Chapter 9.19 (19) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements)

Announcement Details/Table Section :

Sime Darby Berhad (Sime Darby) wishes to announce that its indirect wholly-owned subsidiary, Sime Darby Elco Power Equipment (Shenzhen) Limited (SDEPESL) had, on 9 January 2014, received notification that the Shenzhen Bao An Economic Promotion Bureau had, on 24 December 2013, approved the early termination of the terms of operation and commencement of the members' voluntary liquidation of SDEPESL. The liquidation process is expected to take four to five months to complete.

SDEPESL was incorporated on 29 August 2008 and was principally involved in the distribution of Perkins engine products and spare parts, and after-sales service.

The liquidation of SDEPESL will not have a material effect on the earnings or net assets of the Sime Darby Group for the financial year ending 30 June 2014. None of the directors or substantial shareholders of Sime Darby or persons connected to them has any interest, direct or indirect, in the liquidation.

This announcement is dated 15 January 2014.


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