Tan Chong Motor to venture into luxury cars manufacturing

Monday, November 15, 2010

Tan Chong Motor Holding Sdn Bhd will invest RM285 billion to manufacture and assemble luxury passenger cars at the Kota Kinabalu Industrial Park in Sabah.

Tan Chong said on Friday, Nov 12 it had received an approval from the Ministry of International Trade and Industry for a manufacturing licence at the industrial park to manufacture and assemble luxury passenger vehicles and commercial vehicles.

More details at theedgedaily.com/

Tan Chong currently trading at RM5.39 on last Friday. Below I attached the Tan Chong weekly chart.

Tan Chong weekly chart view


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