Sime Darby Bhd (SIME MK, Hold, TP: RM 9.82) is close to signing a distribution agreement with CJ Cheilingjedang Corp, South Korea's largest food maker by market value. Business Times understands that talks between both parties are at a very advance stage, and if fruitful, a concrete agreement could be signed by the first week of March. The agreement is to supply Novelin cooking oil to the South Korean market. The Novelin cooking oil is a palm oil-based cooking oil and the technology for it was developed by the Malaysian Palm Oil Board (MPOB). (Business Times)