PETALING JAYA: Tan Chong Motor Holdings Bhd
’s distribution agreement for the Nissan Sunny and X-Trail models in Vietnam will not be renewed.
In its stock filing, the automotive distributor said its indirect wholly-owned TCIE Vietnam Pte Ltd (TCIEV) had received letters from Nissan Motor Co Ltd (NML) on the non-renewal of the distribution agreement for the Nissan completely knocked down (CKD) models.
The distribution agreement dated Sept 20,2012, was due to expire on Sept 19 this year.
...