PETALING JAYA: Tan Chong Motor Holdings Bhd (TCMH) is in negotiations to become the exclusive distributor of King Long Kingo microbuses in Vietnam. However, more clarity is needed on how that will contribute to the automotive group’s earnings, say research analysts.
On Monday, TCMH announced that its Vietnam subsidiary has entered into a memorandum of understanding (MOU) with King Long China, to discuss the exclusive distribution of the microbus in both completely built-up (CBU) and completely knocked-down (CKD) forms in Vietnam.