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Weekly News Highlights
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3 May 2008
Proton and EON to rationalise distribution, services
In a filing with Bursa Malaysia yesterday, Proton said it would work towards possible collaboration for the rationalisation of the existing Proton-EON distribution network and service centres. [The Star]
http://biz.thestar.com.my/news/story.asp?file=/2008/5/3/business/21143019&sec=business
9 May 2008
MBM Resources studying merger opportunities
MBM Resources Bhd, an investment holding company that invests mainly in the automotive industry, said it is continuously looking for merger and acquisition (M&A) opportunities. "There is nothing solid right now. But in due course, we will make the move and remain focused on the automotive sector," he added.The company, which distributes Volvo and Perodua cars, expects its 2008 financial results to match that of last year, despite the overall sentiment of the world economy. [Business Times]
http://www.btimes.com.my/Current_News/BTIMES/Friday/Nation/mbmo.xml/Article/
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