MeGroup

MeGroup posts 10.3% drop in FY20 earnings despite higher revenue

SINGAPORE (Feb 14): The automotive market in Malaysia has seen four consecutive years of growth since 2016, according to data from the Malaysian Automotive Association (MAA). Wong Cheong Chee, executive chairman and CEO of MeGroup, a Singapore-listed Mala

SINGAPORE (Oct 6): Catalist-listed MeGroup has entered into a definitive sale and purchase agreement to acquire an additional 25% stake in subsidiary MJN Motors, which operates the group’s Honda dealerships in Malaysia.

SINGAPORE (July 8): MeGroup, the Malaysia-based car distributor, has won the rights to operate a Ford 3S automobile dealership.

SINGAPORE (May 30): MeGroup reported a 84.4% drop in full-year earnings to RM1.4 million ($0.46 million) from RM8.9 million a year ago.

SINGAPORE (Apr 16): Catalist-listed MeGroup has been appointed official distributor of Hyundai automobiles in Malaysia by Hyundai-Sime Darby Motors Sdn Bhd.

SINGAPORE (Mar 6): MeGroup, the Catalist-listed car component supplier and car dealership, is proxy to 70% of Malaysia’s auto market, says CGS-CIMB Research.

SINGAPORE (Dec 12): MeGroup, the Catalist-listed Malaysian car dealership and automotive parts manufacturer, reported earnings of RM2.7 million ($0.88 million) for 1H19 ended Sept, 64% lower compared to the earnings of RM7.4 million reported in 1H18.

SINGAPORE (Oct 30): MeGroup says the public tranche of its Initial Public Offer was approximately 1.3 times subscribed.

SINGAPORE (Oct 23): MeGroup, the Malaysian-based car dealership and automotive parts maker, which is seeking a listing in the Catalist board of the Singapore Exchange (SGX) launched its initial public offering (IPO) today with the sale of each share at 23