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THE proposed corporate restructuring of Transwater Corp Bhd would see the injection of a new core business into the Transwater group, which would involve the sales and distribution of Hyundai/ Inokom passenger vehicles and light commercial vehicles in Malaysia.
VEHICLE sales in February fell substantially due to the short working month and lower sales of national cars, according to the Malaysian Automotive Association (MAA).
South Korean regulators yesterday pressed for an investigation of shipping firm Hyundai Merchant Marine Co Ltd, sending new shockwaves through markets a day after prosecutors arrested 10 executives of conglomerate SK Group in a US$1.2bil accounting scandal.