KUALA LUMPUR (Feb 24): Sime Darby Bhd has incorporated Performance Munich Autos Pte Ltd (PMAPL) in Singapore to distribute new BMW M Series and M Performance cars there.

Sime Darby told Bursa Malaysia today that the diversified group incorporated wholly-owned PMAPL yesterday.

"The approval of the incorporation of PMAPL issued by the Accounting and Corporate Regulatory Authority, Singapore, was received by Sime Darby Motor Holdings Ltd (SDMH), an indirect wholly-owned subsidiary of Sime Darby, on Feb 23, 2017," Sime Darby said.

At Bursa Malaysia today, Sime Darby shares fell one sen or 0.1% at 12:30pm to settle at RM9.15 for a market value of RM62.23 billion. The stock saw 2.64 million shares traded.