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MeGroup Malaysian subsidiary appointed Setia Alam MG dealer

Bryan Wu
Bryan Wu • 2 min read
MeGroup Malaysian subsidiary appointed Setia Alam MG dealer
The appointment marks MeGroup’s first foray into the electric vehicle retailing space.
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SGX-Catalist listed MeGroup’s (SGX:SJY) Malaysian subsidiary, Menang Nusantara Holdings, has been appointed the MG dealer for the Setia Alam, Selangor area. 

The appointment, which has an initial term of 36 months with an option to renew for a further 24 months, marks MeGroup’s first foray into the electric vehicle (EV) space. The target commencement date for trading of services and products and for sales of new vehicles is Feb 28.

The MG sales and service facility will be located on a two-storey semi-detached factory lot at Bandar Bukit Raja, taking over the Hyundai 3S Dealership which concluded service operations on Jan 31.

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