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KUALA LUMPUR: Berjaya Corp Bhd (BCorp) has disposed its entire 51% stake in Peogeot distributor Berjaya Auto Alliance Sdn Bhd (BAASB) for RM6.67mil cash to other minority shareholders including Bermaz Auto Bhd.
KUALA LUMPUR: Shares in Bermaz Auto Bhd climbed in morning trade on news that it had formed a joint venture with Kia Motors to manufacture Kia vehicles in Malaysia.
KUALA LUMPUR: AmInvestment Bank Research has raised its earnings forecasts on Bermaz Auto Bhd following news of its joint venture with Kia Motors Corp.
KUALA LUMPUR: Stocks that may see investor interest on Friday include Solution Group, HB Global, Tasco, MyNews, SHH Resources, Omesti, Microlink Solutions, Bermaz Auto, Top Glove and AMMB.
PETALING JAYA: Bermaz Auto Bhd (BAuto) is forming a strategic partnership with South Korean car manufacturer Kia Motors Corp to drive the expansion and assembly of Kia vehicles in Malaysia.
KUALA LUMPUR: Bermaz Auto Bhd (BAuto) has entered in a joint venture agreement with Kia Motors Corporation, Korea (Kia Corp) to undertake the production and/or assembly of vehicles under the Kia marque in Malaysia via a newly incorporated company to be known as Kia Malaysia Sdn Bhd (KMSB).
BAuto is believed to be the front-runner to secure the distributorship for the Kia marque in Malaysia