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Tan Chong Motor Holdings Bhd (TNCS.KL)

TNCS.KL on Kuala Lumpur Stock Exchange

1.95MYR
25 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Tan Chong Motor qtrly net loss 37.2 mln rgt vsnet profit of 26.3 mln rgt
Tuesday, 10 May 2016 05:16am EDT 

Tan Chong Motor Holdings Bhd : Qtrly net loss 37.2 million rgt versus net profit of 26.3 million rgt . Qtrly revenue 1.47 billion rgt versus 1.57 billion rgt .  Full Article

Tan Chong Motor Holdings Bhd announces registration of new subsidiary in Thailand
Wednesday, 1 Apr 2015 08:00pm EDT 

Tan Chong Motor Holdings Bhd:Group has registered wholly-owned subsidiary named Tan Chong Mekong Regional Co., Ltd (TC Mekong) as juristic person.By virtue of Civil and Commercial Code of Thailand as evidenced by Certificate of Registration of Partnerships and Companies dated March 31 issued by Department of Business Development, Ministry of Commerce, Thailand.Principal activity of TC Mekong is to carry on as Regional Operating Headquarters (ROH) with objective to provide TCMH and its affiliated companies services in areas of sourcing of raw materials and parts, product research and development, technical support, business advisory services, among others.The ROH investment promotion was approved by the Board of Investment of Thailand on Feb 5 and the investment promotion was duly accepted by the Group on March. 19.  Full Article

Tan Chong Motor Holdings Bhd announces establishment of a new subsidiary in Vietnam
Monday, 16 Feb 2015 07:00pm EST 

Tan Chong Motor Holdings Bhd:Says TC Services Labuan (V) Pte Ltd, a subsidiary of TCMH Group, has received a Certificate of Investment from Bac Ninh Province People’s Committee, Vietnam confirming the registration of the establishment of its subsidiary named TC Services Vietnam Co., Ltd.For the purposes of retail distribution of various kinds of automobiles, provision of automotive maintenance, repair and spare parts services and the importation of automotive spare parts and accessories, in accordance with the Laws of Vietnam.  Full Article

Tan Chong Motor Holdings Bhd 's Tan Chong Motorcycles (Labuan) Pte Ltd announces establishment of new subsidiary
Sunday, 9 Nov 2014 07:00pm EST 

Tan Chong Motor Holdings Bhd:Says Tan Chong Motorcycles (Labuan) Pte Ltd, subsidiary on Nov. 3 received certificate of investment dated Oct. 31 from Ho Chi Minh City People’s Committee.Confirming registration of establishment of its wholly-owned subsidiary named TC Motorcycles (Vietnam) Company Ltd (TC Motorcycles Vietnam).For purpose of importing motorcycles and motorcycles components for sale to registered dealers in Vietnam and/or right to export and/or distribute such motorcycles and motorcycles components in accordance with provisions of Laws of Vietnam (Project).Says duration of project is for period of 20 years from issuance date of investment certificate.Total investment capital for Project is $1.0 mln of which $500,000 is capital contribution as charter capital from Tan Chong Motorcycles (Labuan) Pte Ltd.Says capital will be utilized for setting up showrooms and working capital.Says total investment capital including charter capital will be funded via internally generated funds.  Full Article

Tan Chong Motor Holdings Bhd announces establishment of commercial papers (CP) programme and medium term notes (MTN) Programme
Sunday, 19 Oct 2014 08:00pm EDT 

Tan Chong Motor Holdings Bhd:Receives approval from Securities Commission Malaysia for establishment of CP/MTN Programmes.CP Programme and MTN Programme will have tenures of up to 7 years and up to 20 years respectively from date of first issuance from each of respective programmes.Commercial Programme and medium term notes programme with combined aggregate nominal value of 1.5 bln Ringgit.Proceeds shall be utilised by TCMH and its subsidiaries (TCMH Group) for its capital expenditures, refinancing of, in part or in full, TCMH Group’s existing and future bank borrowings, refinancing any CPs and/or MTNs, working capital and for general corporate purposes of TCMH Group.Says AmInvestment Bank Bhd (AIBB) has been appointed Principal Adviser, and AIBB and CIMB Investment Bank Berhad are Joint Lead Arrangers, Joint Lead Managers and Joint Book Runners for CP/MTN programmes.Says first issuance of CP/MTN programmes is expected to take place within 2 years from date of SC Approval.  Full Article

Tan Chong Motor Holdings Bhd declares single tier interim dividend
Thursday, 21 Aug 2014 08:00pm EDT 

Tan Chong Motor Holdings Bhd:Declares single tier interim dividend of 6 pct for year ending Dec. 31, 2014.Payment on Sept. 29.Record date on Sept. 10.  Full Article