Malaysia-based car dealer and parts maker MeGroup plans to invest RM919,248 ($285,683) for a 20% stake in Hanamaru, which operates an online auction platform for used or salvaged cars and parts.The deal sets the stage for potential joint regional expansion. It also comes with two call options, givin...

Trans-China Automotive Holdings (TCA), an automobile dealership group with operations in China, has launched its initial public offering (IPO) on the Catalist board of the Singapore Exchange (SGX) on Nov 1. Headquartered in Hong Kong and Shenzhen, TCA was incorporated in 2015 and is in the business ...

Trans-China Automotive Holdings (TCA), an automobile dealership group with operations in China, has launched its initial public offering (IPO) on the Catalist board of the Singapore Exchange (SGX) on Nov 1. Headquartered in Hong Kong and Shenzhen, TCA was incorporated in 2015 and is in the business ...

Trans-China Automotive Holdings (TCA), an automobile dealership group with operations in China, has launched its initial public offering (IPO) on the Catalist board of the Singapore Exchange (SGX) on Nov 1. Headquartered in Hong Kong and Shenzhen, TCA was incorporated in 2009 and is in the busines...

Catalist-listed MeGroup has been appointed as an authorised used car dealer by Honda Malaysia on Oct 11, under the Honda certified used car program (HCU program). Operations for the programme will begin on Jan 1, 2022, where MeGroup will utilise its existing Honda Cheras Dealership outlet to carry o...

HONDA Malaysia has appointed Catalist-listed MeGroup as an authorised used car dealer under a certified used car programme which will commence on Jan 1, 2022.

THE following companies saw new developments that may affect trading of their securities on Monday (Oct 11).

Catalist-listed MeGroup has been awarded Malaysia’s first national car, Proton, to its growing dealership portfolio on June 7. The group’s first Proton dealership outlet will begin its 35 operations by December, while the 4S services will be operational by June 2022. The facility will be located...

Catalist-listed MeGroup says it has secured new manufacturing projects from new and existing automotive customers. Production for some of its projects from its existing customers are expected to commence from 2021 to 2022. At the same time, the group was awarded a letter of offer from Mitsubishi Mot...

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...