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Sime Darby Berhad Announces Incorporation Of Sime Darby Kia Taiwan Co., Ltd

Wednesday, 28 Aug 2013 06:15am EDT 

Sime Darby Berhad annouced the incorporation of Sime Darby Kia Taiwan Co., Ltd (SDKT) in the Republic of Taiwan on August 23, 2013. The approval of the incorporation of SDKT issued by the Taipei City Government was received by Sime Darby Auto Bavaria Sdn Bhd (formerly known as Sime Darby Motor Division Sdn Bhd), an indirect wholly owned subsidiary of Sime Darby, on August 26, 2013. SDKT was incorporated as a company limited by shares with an authorised share capital of NT$300,000,000 divided into 30,000,000 common shares of NT$10 each, of which 500,000 common shares of NT$10 each have been issued and fully paid-up. The entire issued and paid-up share capital of SDKT of NT$5,000,000 (approximately RM537,100) was subscribed and held by Sime Darby Motor Group (Taiwan) Sdn. Bhd. (formerly known as Hyundai-Sime Darby Engine Manufacturing Sdn. Bhd.), an indirect wholly owned subsidiary of Sime Darby. The principal activities of SDKT are in the distributorship and retail of vehicles, parts and accessories and repairs and maintenance of vehicles and other automotive services. 

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