Tan Chong Motor Holdings

Bursa Announcements

Memorandum of Understanding Between TC Manufacturing (Labuan) Pte Ltd, A Wholly-owned Subsidiary Of Tan Chong Motor Holdings Berhad And Saic GM Wuling Automobile Co., Ltd

BackAug 20, 2019
Type Announcement
Subject OTHERS
Description

MEMORANDUM OF UNDERSTANDING BETWEEN TC MANUFACTURING (LABUAN) PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF TAN CHONG MOTOR HOLDINGS BERHAD AND SAIC GM WULING AUTOMOBILE CO., LTD

The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) is pleased to announce that TC Manufacturing (Labuan) Pte Ltd, a wholly-owned subsidiary of TCMH, has on 20 August 2019 entered into a Memorandum of Understanding with SAIC GM Wuling Automobile Co., Ltd ("SGMW"), a company established under the laws of the People’s Republic of China and having its principal place of business at No. 18 Hexi Road, Liuzhou, Guangxi, China to cooperate to study the potential and feasibility of the business opportunity in introducing SGMW commercial vehicle products to Southeast Asia with initial identified countries namely Vietnam, Myanmar, Cambodia and Lao PDR.

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

 

This announcement is dated 20 August 2019.

 


Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 20 Aug 2019
Category General Announcement for PLC
Reference Number GA1-26072019-00065

Attachments

  1. TCMH-Announcement-MOU_with_SGMW_(final).pdf (Size: 23,727 bytes)
  2. TCMH-Press_Release-MOU_with_SGMW.pdf (Size: 102,294 bytes)