MeGroup

Results

MeGroup posts 10.3% dip in FY20 earnings to RM1.2 mil

SINGAPORE (July 17): Malaysian-based automotive distributor and parts manufacturer MeGroup today announced that earnings for FY20 dipped 10.3% to RM1.2 million ($0.4 million) from RM1.4 in FY19, du

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).

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 de

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 compar

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 pub

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