Sime Darby Berhad has announced the successful dissolution of Dongguan Chuang Yi Motors Sales and Services Company Limited, an indirect wholly-owned subsidiary based in China.
The move follows a previous announcement made on February 11, 2026, regarding the company’s intention to deregister the entity.
The dissolution became effective on May 11, 2026, following the issuance of an official deregistration notice by the Dongguan Municipal Administration for Market Regulation. The process was carried out in strict accordance with the Company Law of the People’s Republic of China.
DGCY was part of Sime Darby’s extensive automotive network in the region. The closure of the entity aligns with the Group’s ongoing efforts to optimize its corporate structure and consolidate its presence in the competitive Chinese automotive market.
Sime Darby assured stakeholders that the liquidation of the subsidiary is a routine administrative exercise. The dissolution is not expected to have any material effect on the earnings of the Sime Group for the financial year ending June 30, 2026. The Group’s net assets remain unaffected by this change.
capital is allocated to high-performing assets. The dissolution of smaller, non-core sales and service units like DGCY allows the Group to maintain a lean and efficient operational footprint as it focuses on higher-growth opportunities within the Asia Pacific region.
Sime Darby Berhad has announced the successful dissolution of Dongguan Chuang Yi Motors Sales and Services Company Limited (“DGCY”), an indirect wholly-owned subsidiary based in China.
The move follows a previous announcement made on February 11, 2026, regarding the company’s intention to deregister the entity.
The dissolution became effective on May 11, 2026, following the issuance of an official deregistration notice by the Dongguan Municipal Administration for Market Regulation. The process was carried out in strict accordance with the Company Law of the People’s Republic of China.
DGCY was part of Sime Darby’s extensive automotive network in the region. The closure of the entity aligns with the Group’s ongoing efforts to optimize its corporate structure and consolidate its presence in the competitive Chinese automotive market.
Sime Darby assured stakeholders that the liquidation of the subsidiary is a routine administrative exercise. The dissolution is not expected to have any material effect on the earnings of the Sime Group for the financial year ending June 30, 2026. The Group’s net assets remain unaffected by this change.
