Perodua considering acquiring Tan Chong’s Serendah plant, sources say
PERUSAHAAN Otomobil Kedua Sdn Bhd (Perodua), which just launched two car models, is considering buying Tan Chong Motor Holdings Bhd’s (KL:TCHONG) Serendah plant for about RM500 million, executives privy to the deal tell The Edge.
This comes after Perodua Sales Sdn Bhd signed a letter of intent (LOI) with Tan Chong Motor Assemblies Sdn Bhd (TCMA) for the latter to provide services for Perodua’s battery electric vehicle (EV), the Perodua QV-E.
Source : The Edge Malaysia
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