Cycle & Carriage Bintang Bhd (CCB) has given up yet another automotive franchise – with its previous Peugeot distributorship having ended by end-2007 – this time surrendering the Mazda brand. BerMaz Motor Sdn Bhd, a unit of Berjaya Corporation will acquire Cycle & Carriage Bintang Bhd’s wholly-owned current Mazda’s franchise holder, Hercules Automotive Engineers Sdn Bhd, for RM16.8million.
BerMaz Motor has sealed a 3 years distribution agreement with Mazda Motor Co. which will take effect as of 1st of April 2008. Berjaya Corp is currently involved with the sole distributorship of Skoda brand and has future prospect set on China’s Changan auto vehicles in Malaysia. With such acquisition, Bermaz Motor Sdn. Bhd. will officially take over all of Mazda’s automotive business in Malaysia by H2 2008.
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