KUALA LUMPUR: There could be further upside for Bermaz Auto Bhd
ahead of its fourth financial quarter results on the back of its Kia distributor ship win and consolidation of Berjaya Auto Alliance Sdn Bhd (BAASB) earnings.
On the heels of its partnership agreement to make and distribute Kia vehicles in Malaysia, Bermaz Auto has acquired an additional 35% stake in BAASB, which gives it a controlling 55% stake in the Peugeot distributor.
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