SINGAPORE (July 17): Malaysian-based automotive distributor and parts manufacturer MeGroup today announced that earnings for FY20 dipped 10.3% to RM1.2 million ($0.4 million) from RM1.4 in FY19, due to higher expenses incurred for new dealerships. This brings EPS for FY20 to 1.05 sen from 1.28 sen i...

CATALIST-LISTED Malaysia-based automotive company MeGroup will, through head lease agreements, lease its unsold cars to car subscription services provider Flux, the firm said on Monday.

CATALIST-LISTED Malaysian-based automotive company MeGroup on Thursday said it has accepted a letter of offer from Mitsubishi Motors Malaysia, the official distributor of the Mitsubishi Motors brand of cars in Malaysia, to set up and run a 3S automobile dealership under the brand.

MALAYSIA-BASED MeGroup on Monday morning announced that its wholly-owned subsidiary Menang Nusantara Sdn Bhd has extended its technical-assistance agreement with Japanese automotive player Hirotani.

CATALIST-LISTED MeGroup has opened its first Hyundai dealership centre and also secured 4S approval for its Honda dealership in Cheras, the Malaysia-based automotive parts maker and dealer announced on Monday.

SINGAPORE (Oct 6): Catalist-listed MeGroup has entered into a definitive sale and purchase agreement to acquire an additional 25% stake in subsidiary MJN Motors, which operates the group’s Honda dealerships in Malaysia. The agreement, entered into with vendors Tan Kian Boon and Wong Sai Hou, will...

CATALIST-LISTED automotive parts maker and dealer MeGroup has entered a definitive sale-and-purchase agreement for an additional 25 per cent stake in its subsidiary MJN Motors Sdn Bhd, which operates the group's Honda dealerships in Malaysia, it said on Friday night.

SINGAPORE (July 8): MeGroup, the Malaysia-based car distributor, has won the rights to operate a Ford 3S automobile dealership. This brings the total number of dealerships in the country the group has to eight, across five different automobile brands. To be located in Bukit Rimau, Shah Alam, in the...

SINGAPORE (May 30): MeGroup reported a 84.4% drop in full-year earnings to RM1.4 million ($0.46 million) from RM8.9 million a year ago. The weaker bottomline was largely due to the absence of a one-time gain of RM4.8 million received in FY18 from the Malaysian government for the Mass Rapid Transit ...

MALAYSIAN car dealership and automotive parts maker MeGroup posted a fall in net profit of 84.4 per cent in its first full-year results since its Catalist listing in October 2018 -- due in part to listing expenses this year.