Kia Malaysia Sdn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

climbed in morning trade on news that it had formed a joint venture with Kia Motors to manufacture Kia vehicles in Malaysia.
At 9.30am, the counter was up six sen or 4.17% to RM1.50 on the back of 1.82 million shares traded.
The two parties have agreed to undertake production and assembly of vehicles under the Kia marque in Malaysia via a new JV company called Kia Malaysia Sdn Bhd.
Bermaz Auto will have 33.33% stake in the company with the remainder going to Kia Motors.
The group has also subscribed to a 65% stake in Dinamikjaya Motors Sdn Bhd, which has been awarded the distributorship and sale of parts and provision of after-sales service of Kia vehicles in Malaysia. ....

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