Tan Chong Motor Holdings

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BackJul 26, 2019
Type Announcement
Subject OTHERS
Description

MEMORANDUM OF UNDERSTANDING BETWEEN TC SERVICES VIETNAM CO., LTD, A WHOLLY-OWNED SUBSIDIARY OF TAN CHONG MOTOR HOLDINGS BERHAD AND SAIC MOTOR INTERNATIONAL CO., LTD

The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) wishes to announce that TC Services Vietnam Co., Ltd, a wholly-owned subsidiary of TCMH, had on 26 July 2019 entered into a Memorandum of Understanding with SAIC Motor International Co., Ltd, (“SMIL”) to cooperate with each other in Vietnam market on CKD assembly, sales and distribution, as well as on imported CBU sales (“Project”) of certain automobile brand of products to be agreed between the parties (“Authorised Products”) with the objective of signing relevant cooperation agreements (“Cooperation Agreement”) to formalise the cooperation relationship.

 

Please refer to the attached file for the full text of the announcement.

 

This announcement is dated 26 July 2019.

 

 


Announcement Info

 

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 26 Jul 2019
Category General Announcement for PLC
Reference Number GA1-26072019-00066

Please refer attachment below.

Attachments

  1. TCMH-Press_Release-MOU_with_SMIL.pdf (Size: 123,971 bytes)
  2. TCMH-Announcement-MOU_with_SMIL_(final).pdf (Size: 24,549 bytes)