PETALING JAYA: Bermaz Auto Bhd’s (BAuto) position as a non-national automotive player is set to be bolstered by its enlarged stake in Peugeot distributor Berjaya Auto Alliance Sdn Bhd (BAASB).
CGS-CIMB said the move offered a good opportunity for BAuto to consolidate BAASB’s financial results into the group. “We estimate BAASB registered approximately RM1mil in net profit within the first five months of its operations (December 2020 to April 2021).
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!