Sime is expected to take a majority stake in a joint venture firm, along with Dongguan Sinograin Oils & Grains Co Ltd, a Chinese government-linked company.
Thursday, November 20, 2008
Breaking News-RTRS-UPDATE 1-Sime enters China's palm oil refinery business
KUALA LUMPUR, Nov 19 (Reuters) - Malaysian conglomerate Sime Darby Bhd said it has teamed up with a Chinese firm to enter the palm oil refining and sales business in China.
Sime is expected to take a majority stake in a joint venture firm, along with Dongguan Sinograin Oils & Grains Co Ltd, a Chinese government-linked company.
Sime is expected to take a majority stake in a joint venture firm, along with Dongguan Sinograin Oils & Grains Co Ltd, a Chinese government-linked company.
