PETALING JAYA: SAIC Motor Corp Ltd, which is among the big-four automotive companies in China, has joined hands with Tan Sri Syed Azman Syed Ibrahim’s commercial vehicle business unit Weststar Maxus Sdn Bhd (WM) in a deal worth up to RM1bil.
According to sources close to the deal, SAIC, which is the biggest commercial vehicle manufacturer in China and a Fortune Global 500 company, will take up a stake of up to 49% in WM and jointly establish an assembly plant here with investments totalling up to RM1bil.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
