Tan Chong to start motor workshop in Myanmar

PETALING JAYA: Tan Chong Motor Holdings Bhd will start motor workshop services in Myanmar next year, via E-Garage Auto Services and Spare Parts (Myanmar) Co Ltd.
E-Garage Myanmar will start operations with one workshop in Yangon in the second half of 2012.
Tan Chong told Bursa Malaysia that it had a 90% stake in E-Garage Myanmar, with the balance owned by Myanmar businessman U Khin Maung Lwin.
E-Garage Myanmar will have an issued and paid-up capital of US$300,000 (RM949,500).
Tan Chong's US$270,000 (RM854,550) capital contribution in E-Garage Myanmar will be funded with internal sources.
Tan
Chong said the move was a further expansion of the group's after-sales
service business into the Indochina and Asean regions, following similar
earlier ventures into Cambodia and Thailand since 2006 and 2008
respectively.
In December 2010, the group also set up Tan Chong Motorcycles (Laos) Co Ltd in Laos to assemble, sell and distribute motorcycles.
The
group is the franchise holder and exclusive distributor of Nissan
passenger and light commercial vehicles and Renault vehicles in
Malaysia.