PETALING JAYA: The feuding factions in Tan Chong Consolidated Sdn Bhd (TCC) have reached “a compromise and settlement agreement’’ on how they will split up their shareholdings in three listed companies.
In separate statements to Bursa Malaysia yesterday, Tan Chong Motor Holdings Bhd
, Warisan TC Holdings Bhd and APM Automotive Holdings Bhd said their common controlling shareholder TCC would progressively release a portion of their stocks to the “exiting minority shareholders” of TCC.
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