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  • HYUMAL MOTOR TO ACQUIRE 60 PERCENT EQUILITY IN ORIENTAL-HYUNDAI

    Hyumal Motor Sdn Bhd, a subsidiary of Sime Darby had bought the remaining 60 percent equity from Oriental-Hyundai Sdn BhD. Read the full story from Bernama below.

    HYUMAL MOTOR TO ACQUIRE 60 PERCENT EQUILITY IN ORIENTAL-HYUNDAI

    hyundai-logo-x

    KUALA LUMPUR, — Hyumal Motor Sdn Bhd, a subsidiary of Sime Darby Bhd has entered into a conditional Share Purchase Agreement with Oriental Holdings Bhd and Lim Tiong Boon to acquire the remaining 60 percent equity in Oriental-Hyundai Sdn Bhd comprising six million shares of RM1 each.

    Upon completion, Oriental-Hyundai will be a wholly-owned subsidiary of Hyumal Motor.

    “The distribution of Hyundai vehicles in Malaysia will be consolidated under Hyumal Motor, which is the sole and exclusive importer and distributor of completely built-up Hyundai vehicles and related spare parts,” Sime Darby said in a filing to Bursa Malaysia today.


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