Berjaya Assets in talks to manufacture and assemble car

KUALA LUMPUR: Berjaya Assets Bhd (BAssets) is currently in talks with an Asian automotive brand to manufacture and assemble its cars under BAsset’s unit Oriental Assemblers Sdn Bhd.

Speaking during a briefing today, BAssets executive director Koh Huey Min said: “We will announce plans for Oriental Assemblers in six months’ time.”

In June 2016, Oriental Holdings Bhd announced the disposal of its car assembly and automotive parts manufacturing unit to Berjaya Assets Bhd for RM32.5mil. 

Oriental Holdings announced that its disposal of Oriental Assemblers was aligned to the group’s core strategy of streamlining its businesses and exiting the automotive assembly operations.

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.

BAseets said the acquisition would enable the group to further enhance its presence in Johor by acquiring the car assembly business together with a piece of 14.74-acre leasehold land.