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AUTOBACS SEVEN CO LTD Signs Business Alliance with JX Nippon Oil & Energy Trading Corporation and MALAYSIAN HARVEST Sdn.Bhd.


Friday, 27 Sep 2013 02:00am EDT 

AUTOBACS SEVEN CO LTD announced that it has signed a business alliance with JX Nippon Oil & Energy Trading Corporation and MALAYSIAN HARVEST Sdn.Bhd., regarding wholesales, retail, import and export of automobile related products. AUTOBACS SEVEN will acquire a 46% stake in ENEOS AUTOBACS CAR CENTRE MALAYSIA Sdn.Bhd. from JX Nippon Oil & Energy Trading Corporation. MALAYSIAN HARVEST Sdn.Bhd. will acquire a 3% stake in ENEOS AUTOBACS CAR CENTRE MALAYSIA Sdn.Bhd. As a result, ENEOS AUTOBACS CAR CENTRE MALAYSIA Sdn.Bhd will become a joint venture, held by AUTOBACS SEVEN CO LTD, JX Nippon Oil & Energy Trading Corporation and MALAYSIAN HARVEST Sdn.Bhd. 

Company Quote

2089.0
27.0 +1.31%
7 Jul 2015