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Nikkei Markets

Sime Darby looks at exiting China ports business

Move in line with non-core asset sales as throughput falls on Sino-US trade row

Sime Darby manages hospitals and sells insurance as well as operates Tesco hypermarkets in Malaysia.     © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's Sime Darby is looking at exiting the ports business in China by selling off its entire stake, its group chief executive said Thursday, in a move reflecting the automotive-and-industrial company's broader plan to dispose of its non-core assets.

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