♦ Proposed acquisition of 74% of Nissan Vietnam Co. Ltd (NVL). The
company entered into an agreement to purchase the whole stake of
Danish company Kjaer Group A/S stake in NVL for US$7.4m (RM22.9m).
The other party with remaining stake is Nissan Motor Co. Ltd.. Effective
consolidation into Tan Chong’s accounts should be by October 2010,
should approval be given.
Tan Chong Motor Berhad : Securing Foothold In Vietnam - 23/09/2010
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