Amtel moves into vehicle manufacturing


PETALING JAYA: Amtel Holdings Bhd has announced that its wholly-owned subsidiary, Amtel Cellular Sdn Bhd (AMCSB), will be venturing into the manufacturing and assembly of motor vehicles for both the local and export markets.

In a filing with Bursa Malaysia, Amtel said AMCSB is involved in the research and development of hardware, software applications and related services; as well as manufacturing, assembling, installation and sale of telematics and navigation products, electronics, automotive and telecommunications-related products and related services.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil prices recover, stocks wobble as investors weigh geopolitics, US data
Ringgit opens firmer against US$, major currencies
FBM KLCI falls as bearish momentum picks up
Samsung expects Q4 operating profit to triple to record high on chip shortage
Trading ideas: Hibiscus, A1, Paramount, Vantris, Tien Wah, LGMS, Oriental, Sentoria, Sinmah, Central Global, Kee Ming, Hock Soon, Adnex
S&P 500 ends lower, AI stocks buoy Nasdaq
REITs to gain from tourism, industrial growth
Bioeconomy Corp’s RM40bil contribution
Local glovemakers see steady profitability
Ringgit eases against the greenback

Others Also Read