{"id":132355,"date":"2020-12-03T10:29:51","date_gmt":"2020-12-03T02:29:51","guid":{"rendered":"https:\/\/splash247.com\/?p=132355"},"modified":"2020-12-03T16:43:36","modified_gmt":"2020-12-03T08:43:36","slug":"sime-darby-exits-china-ports-scene","status":"publish","type":"post","link":"https:\/\/splash247.com\/sime-darby-exits-china-ports-scene\/","title":{"rendered":"Sime Darby exits China ports scene"},"content":{"rendered":"\n<p>Diverse Malaysian conglomerate Sime Darby is exiting the port business in China, selling its stakes in three river ports in Jining in Shandong province for RMB294m.<\/p>\n\n\n\n<p>Sime Darby group chief executive officer Datuk Jeffri Salim Davidson said the decision was part of wider plans to divest non-core assets.<\/p>\n\n\n\n<p>\u201cOperations are facing continued downward pressure on margins due to intense competition from neighbouring ports and additional costs. Given these factors that are impacting the inland port sector in China, we consider the disposal price reasonable,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diverse Malaysian conglomerate Sime Darby is exiting the port business in China, selling its stakes in three river ports in Jining in Shandong province for RMB294m. Sime Darby group chief executive officer Datuk Jeffri Salim Davidson said the decision was part of wider plans to divest non-core assets. \u201cOperations are facing continued downward pressure on &hellip;<\/p>\n","protected":false},"author":3,"featured_media":71967,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[80,77,64],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sime Darby exits China ports scene - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/sime-darby-exits-china-ports-scene\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sime Darby exits China ports scene - Splash247\" \/>\n<meta property=\"og:description\" content=\"Diverse Malaysian conglomerate Sime Darby is exiting the port business in China, selling its stakes in three river ports in Jining in Shandong province for RMB294m. 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