PETALING JAYA: Tan Chong Motor Holdings Bhd (TCMH) will collaborate with PT SGMW Motor Indonesia to explore opportunities in introducing the latter’s vehicle products to Malaysia and Thailand.
In its filing with Bursa Malaysia, TCMH said its indirect wholly-owned subsidiary TC Manufacturing (Labuan) Pte Ltd yesterday entered into a memorandum of understanding (MoU) with PT SGMW to cooperate on the study of the potential and feasibility of the business opportunities in introducing PT SGMW’s vehicle products to the two countries.