Tan Chong subsidiary's Vietnam JV with Nissan extended

Tan Chong Motor Holdings Bhd said today the joint venture (JV) agreement between its wholly-owned subsidiary ETCM (V) Pte Ltd (ETCMV) and Nissan Motor Co Ltd (NML) to import and distribute Nissan vehicles and parts in Vietnam, has been extended to Sept 30, 2020 following discussions between ETCMV and NML.

In a Bursa Malaysia filing today, Tan Chong said the JV agreement dated Sept 22, 2010 is supposed to end today (Sept 10, 2019) based on the agreement's termination notice.