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Thanks for the sharing, Allan. Looking forward to follow the progress of BAuto in coming years. There will be risks of not meeting target for Kia and Peugeot but it’s a growth opportunity for them. The mgmt capabilities will be put to test soon.
new peugeot 3008 looking good,i believe it will be a hot item with comfortable pricing of 150k+,now they emphasise more on after sale service and guarantee, consumer confidence definely will be build up soon. Who intend to change car? Maybe can try out, Haha
*On 8 June 2021, the Group had acquired an additional 4,200,000 ordinary shares representing 35% equity interest
in Berjaya Auto Alliance Sdn. Bhd. ("BAASB") from Berjaya Corporation Berhad for a cash consideration of
RM4,578,000 or at RM1.09 per share. As a result, BAASB is now a 55% owned subsidiary of Bermaz Auto Berhad
("BAuto"). The principal activities of BAASB are distribution and retailing of Peugeot motor vehicles as well as
retailing of parts and the provision of after-sales services for Peugeot, Citroen and DS marque vehicles in Malaysia.
* On 11 March 2021, the Group had subscribed for 1,020 new ordinary shares representing 51.00% equity interest in the
enlarged issued share capital of Bermaz Auto Parts Sdn. Bhd. ("BAParts") for a cash consideration of RM1,020 or
at RM1.00 per share. The principal activities of BAParts are distribution and retailing of automotive spare parts and
provision of after-sales services in Malaysia. Depending on the funding requirements of BAParts, the issued share
capital will be increased to RM2.0 million comprising 2.0 million ordinary shares at a later stage.
*On 1 April 2021, the Group had entered into a joint venture with Kia Motors Corporation, Korea ("Kia Corp") to
undertake the production and/or assembly of completely knocked-down vehicles under the Kia marque in Malaysia
via a newly incorporated company, Kia Malaysia Sdn. Bhd. ("KMSB"). KMSB was incorporated on 13 April 2021,
whereby BAuto and Kia Corp hold 33.33% and 66.67% KMSB shares respectively.
iii. On 1 April 2021, the Group had subscribed for 6,500 new ordinary shares representing 65.00% equity interest in the
enlarged issued share capital of Dinamikjaya Motors Sdn. Bhd. ("DJMSB") for a cash consideration of RM6,500 or at
RM1.00 per share. DJMSB is the distributor and provider of parts and after-sales service of Kia marque vehicles in
Malaysia. On 21 April 2021, the issued share capital of DJMSB was increased to RM5.0 million comprising 5.0 million
ordinary shares
Mazda’s current line-ups are the Mazda 3 (CBU, July 19), CX-5 (CKD, 22nd Oct 19), CX-8 (CKD, 13th
November 19), CX-30 (CBU, 15th January 20), CX-9, Mazda 2 and MX-5 RF (3rd March 20). New Mazda launches are the
all-new CX-3 IPM version (CBU, July/Aug 21-500 pre-order booking), CKD for CX-30 (CY21/22), CX-5/CX-8 IPM version (mid22) and all-new Mazda MX-30 (CY21/22).
PEUGEOT current line-ups are 3008 and 5000 SUV, while upcoming models are
2008 SUV (Dec 2021), 3008/5008 IPM version (July 2022), 3008 EV CBU (in discussion), and 508 Electric Hybrid (in discussion).
KIA upcoming line ups are all-new Kia Karnival (CKD, Apr 2022), Sportage PHEV (CY2022, CKD 2023), and EV 6, Niro (depending
on NAP regulation)
Yup, i saw sales&marketing team 's effort to increase kia & peugeot reputation. For investor who plan to change middle price car, can consider within these 3 brand. Haha