Tan Chong Motor Holdings Bhd intends to subscribe to 50% of the share capital of TC Capital (Thailand) Co Ltd (TCCT), a limited liability company to be established in Thailand, to undertake the automotive hire-purchase business.
Nissan Diesel (Thailand) Co Ltd (NDT), a wholly-owned subsidiary of Tan Chong International Ltd (TCIL), will subscribe to the remaining 50% of the new company.
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