| Type | Announcement | ||||||||||||
| Subject | Outstanding Related Party Receivables | ||||||||||||
| Contents | The Board of Directors of Tan Chong Motor Holdings Berhad ("the Company") wishes to announce the following updates in respect of the outstanding related party receivables of the Company: (i) Total outstanding related party receivables as at 30 September 2010: As set out in the table below. (ii) Steps taken or proposed to be taken by the Company to recover the related party receivables: (a) Sending reminders and following up on overdue amount. (b) Active engagement with the related parties to resolve disputed amount. (c) Negotiate with the related parties to finalise settlement terms. (iii) Expected timeframe to fully recover the related party receivables: The Group expects to fully recover the outstanding related party receivables within five (5) months from the date of this announcement. |
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| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 19 Nov 2010 |
| Category | General Announcement |
| Reference No | TCM-101119-8672B |
