Pecca expands presence in Indonesian automotive market

Pecca Group chief executive officer Foo Ken Nee

KUALA LUMPUR: Automotive upholstery supplier Pecca Group Bhd has completed the acquisition of an 80% stake in PT Gemilang Maju Kencana (GMK).

The automotive upholstery supplier said GMK is a company associated with Indonesia’s PT. Multi Pratama Interbuana Group (MPI), Pecca said in a filing with Bursa Malaysia.