News

The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH”) is pleased to announce that TC Motor Vietnam Co., Ltd. (“TCMV”), an indirect wholly-owned subsidiary of TCMH, had on 19 October 2020 entered into a Memorandum of Understanding (“MOU”) with Xiamen King Long United Automotive Industry Co. Ltd. (“King Long”), a company incorporated in China in accordance with the laws of the People’s Republic of China and having its head office at No. 9, Kinglong Road, Jimei District, Xiamen 361023, Fujian Province, People’s Republic of China, to facilitate the commencement of discussions and negotiations for the appointment of TCMV as the sole and exclusive distributor of King Long KINGO microbus model in Vietnam in both complete-built-up (“CBU”) and complete-knocked-down (“CKD”) forms.

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

This announcement is dated 19 October 2020.