Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily, on May 24, 2016.

KUALA LUMPUR: While Berjaya Auto Bhd (BAuto) is always exploring new opportunities to cultivate further business growth, its director Datuk Francis Lee said there are no “definitive agreements or serious consideration” with South Korean automotive company Ssangyong or any other automobile company in Malaysia for the moment. 

Lee noted that BAuto is always exploring new opportunities to cultivate further business growth, and these might include “partnerships with potential automobile companies in the future”.  

In a statement, Lee added that the group is not considering buying or investing in Oriental Holdings Bhd’s car assembly plant 

in Tampoi, Johor.

It was reported in The Edge weekly that BAuto, the sole distributor of Mazda vehicles in Malaysia and the Philippines, may soon secure exclusive distributor rights of SsangYong. It also reported that BAuto could be eyeing the assembly plant of Oriental Holdings in Johor to expand its capacity.

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