Oriental Holdings sells unit to Berjaya Assets for RM32.5mil


PETALING JAYA: Oriental Holdings Bhd is selling its car assembly and automotive parts manufacturing unit to Berjaya Assets Bhd for RM32.5mil.

In a filing with Bursa Malaysia yesterday, Oriental Holdings said the disposal of Oriental Assemblers Sdn Bhd was aligned with the group’s core strategy of streamlining businesses and exiting the automotive assembly operations.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , oriental holdings , Berjaya ,

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Watts from water
Singapore’s financial sector a big winner
Up in Arms - or up the value chain?
Asia bonds for diversification
Smart city can’t beat the traffic
Powering a new reinvestment cycle as demand surges
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read