Sime Darby in talks for development project in China

KUALA LUMPUR: Sime Darby Bhd has been invited by the Weifang People's Government to participate in the development of an economic development zone (EDZ) near Weifang City.

"The company is in discussions with the Weifang People's Government regarding the planning and development of this EDZ which will focus on enhancing Malaysia-China economic cooperation," it said in a filing to Bursa Malaysia on June 9.

"Amongst others, Sime Darby will assist the Weifang government in identifying suitable Malaysian companies to invest in this EDZ."

The company's statement came following Prime Minister Datuk Seri Najib Razak's official visit to China last week during which he announced that the conglomerate had been offered a multi-billion dollar development project in the Weifang prefecture city in China.

By The EDGE Malaysia (by Surin Murugiah)