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Tan Chong signs MoU on selling vehicles made by China s GAC in Malaysia, Vietnam

Tan Chong signs MoU on selling vehicles made by China’s GAC in Malaysia, Vietnam The Edge 22/12/2020 Syafiqah Salim © Provided by The Edge KUALA LUMPUR (Dec 22): Tan Chong Motor Holdings Bhd has teamed up with China’s GAC Motor International Ltd to look into selling and assembling the latter’s vehicles in Malaysia and Vietnam. Tan Chong said its wholly-owned subsidiary TC Overseas Assets Holdings Labuan Pte Ltd signed a memorandum of understanding (MoU) with GAC today “to study on the potential and feasibility of the business opportunity”. It added that GAC is devoted to producing world-class vehicles, engines, auto parts and accessories, as well as research and development of auto engineering technology.

FGV, Jiankun International, Pecca, Kossan, Alliance Bank, Ranhill, UOA Development, UOA REIT, Mitrajaya, Tan Chong Motor and Fintec

KUALA LUMPUR (Dec 22): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 23) include: FGV Holdings Bhd, Jiankun International Bhd, Pecca Group Bhd, Kossan Rubber Industries Bhd, Alliance Bank Malaysia Bhd, Ranhill Utilities Bhd, UOA Development Bhd, UOA Real Estate Investment Trust, Mitrajaya Holdings Bhd, Tan Chong Motor Holdings Bhd, and Fintec Global Bhd.   The Federal Land Development Authority (Felda) is eyeing to take FGV Holdings Bhd private after its unconditional takeover offer for the latter s shares. Felda said it does not intend to maintain the listing status of FGV on the Main Market of Bursa Malaysia.

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