Tuesday, January 3, 2012

Sime Darby expands into China's vehicle market

KUALA LUMPUR (Jan 3): SIME DARBY BHD [] is expanding into China's vehicle market with the setting up of Chongqing Bow Chuang Motor Sales & Services Co., Ltd (CQBC).

The conglomerate said on Tuesday it received the business licence approval on Dec 30.

CQBC's registered capital would be 35 million renminbi (RM17.57 million) and held by Sime Darby's unit B.M.W. Concessionaires (H.K.) Ltd.

It added CQBC would be involved in the display of vehicles, provision of technical consultancy and marketing consultancy services for motor vehicles, sales of parts of vehicles and motorcycles.

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