Updates on Announcement on 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
| Type | Announcement |
| Subject | OTHERS |
| Description |
Updates on Announcement on 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 |
|
We refer to our announcement dated 20 August 2019 pertaining to the execution of a Memorandum of Understanding ("MOU") by TC Manufacturing (Labuan) Pte Ltd, a wholly-owned subsidiary of Tan Chong Motor Holdings Berhad ("Company"), with SAIC GM Wuling Automobile Co., Ltd ("SGMW"), a three-shareholder joint venture company between SAIC Motor Corporation Limited, Liuzhou Wuling Motors Co. Limited and GM China, to cooperate in the study of 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. The Board of Directors of the Company wishes to announce that discussions are on-going per the MOU. This announcement is dated 20 November 2019. |
|
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 20 Nov 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16112019-00001 |