MeGroup

Company in the news

MeGroup uses two 'engines' to capture bigger share of growing Malaysian car market

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

M&A

MeGroup ups stake in subsidiary operating Honda dealership in Malaysia

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.

Contracts

MeGroup wins rights to operate Ford dealership in Selangor

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

Results

MeGroup reports 84% fall in FY19 earnings on absence of one-off gains and listing expenses

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.

Contracts

MeGroup awarded Hyundai dealership in Malaysia

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

Broker's Calls

More mileage with MeGroup on twin engines of growth, says CGS-CIMB

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.

Results

MeGroup reports 64% fall in 1H earnings on absence of one-off gain

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.

IPO

MeGroup says IPO public tranche 1.3 times subscribed

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

IPO

MeGroup launches IPO today at 23 cents per share; to list on Oct 31

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

IPO

Malaysia car dealership MeGroup lodges prelim offer document

SINGAPORE (Sept 27): Malaysia-based MeGroup automotive company earlier on Thursday lodged its preliminary offer document for a Catalist listing with the Singapore Exchange.
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