Proposed Acquisition of 74% Charter Capital of Nissan Vietnam Co., Ltd. and Proposed Joint Venture with Nissan Motor Co., Ltd.
BackSep 22, 2010
| Type | Announcement |
| Subject | Proposed Acquisition of 74% Charter Capital of Nissan Vietnam Co., Ltd. and Proposed Joint Venture with Nissan Motor Co., Ltd. |
| Contents | The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH”) is pleased to announce that ETCM (V) Pte Ltd, a wholly-owned subsidiary of the TCMH Group, has on 22 September 2010 entered into the following agreements:- (i) Capital Assignment Agreement with Kjaer Group A/S (“Kjaer”) to acquire from Kjaer of its 74% charter capital contribution in Nissan Vietnam Co., Ltd. (“NVL”) for a cash consideration of USD7,400,000/-; (ii) 1st Amendment to the Joint Venture Agreement with Nissan Motor Co., Ltd. (“Nissan”) and Kjaer to amend the terms of the Joint Venture Agreement dated 6 October 2008 entered into between Nissan and Kjaer; and (iii) Joint Venture Agreement with Nissan in respect of the establishment and operation of NVL. Please refer to the attached file for the full text of the announcement. This announcement is dated 22 September 2010. |
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 22 Sept 2010 |
| Category | General Announcement |
| Reference No | TCM-100922-743D3 |
Attachments
- TCHONG_220910.pdf (Size: 132,171 bytes)