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MeGroup
Contracts
MeGroup Malaysian subsidiary appointed Setia Alam MG dealer
The appointment marks MeGroup’s first foray into the electric vehicle retailing space.
February 05, 2024
Results
MeGroup earnings improve 29.1% to RM3.2 mil for 1HFY2024
Revenue increased by 6.6% y-o-y to a record RM217.7 million led by a recovery in its manufacturing business.
November 10, 2023
Property
MeGroup’s subsidiary acquires Malaysian property for $4.7 mil
MeGroup says it intends to expand its existing manufacturing facilities at the property.
September 06, 2023
Results
MeGroup back profitable for FY2023 with easing of pandemic curbs
The company's manufacturing operations generated 80% more revenue for FY2023
May 29, 2023
Results
MeGroup turns around for 1HFY2023 with earnings of RM2.5 million, revenue hits record
Wong, MeGroup's chairman, notes that international borders have reopened and that Malaysia’s economy too, is recovering.
November 08, 2022
M&A
MeGroup to invest RM919,248 for 20% in car and parts auction platform Hanamaru
MeGroup shares last traded at 8.3 cents.
August 21, 2022
Company in the news
MeGroup to set up used car dealership and new manufacturing facility in Kedah
Operations for the programme will begin on Jan 1, 2022.
October 11, 2021
Contracts
MeGroup adds Proton to dealership portfolio
The group’s first Proton dealership outlet will begin its 35 operations by December.
June 07, 2021
Contracts
MeGroup secures new manufacturing projects as well as second automobile Mitsubishi dealership
MeGroup now counts 10 dealership outlets under six brands – Ford, Honda, Hyundai, Mazda, Mitsubishi and Peugeot.
January 25, 2021
SGX Research Series: 10 in 10
MeGroup bets on twin growth engines of manufacturing and dealership
MeGroup primarily operates in the automotive sector in Malaysia and has two business units: manufacturing and dealership.
September 18, 2020