KUALA LUMPUR (March 6): Diversified entity Sime Darby Bhd will invest RM150 million to set up a facility to assemble engines in Malaysia for Germany-based Bayerische Motoren Werke AG (BMW), in order to expand Sime Darby's automotive division. Sime Darby wholly owns Sime Darby Motors. According to Edge Weekly, Sime Darby Motors is understood to be negotiating with BMW to export the engines, apart from local consumption. Currently, Sime Darby Motors assembles BMW and Land Rover vehicles at the Inokom plant. At Bursa Malaysia, Sime Darby shares rose one sen or 0.1% at 11:27am today to RM9.11, for a market value of RM61.89 billion.

Source: The Edge Markets March 06, 2017 04:18 UTC