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Breaking News-RTRS-UPDATE 1-Sime enters China's palm oil refinery business

Posted by Flora Sawita Labels:

KUALA LUMPUR, Nov 19 (Reuters) - Malaysian conglomerate Sime Darby Bhd said it has teamed up with a Chinese firm to enter the palm oil refining and sales business in China.
Sime is expected to take a majority stake in a joint venture firm, along with Dongguan Sinograin Oils & Grains Co Ltd, a Chinese government-linked company.

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