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AmInvest: Bermaz to conclude Kia deal by April 2021

Sanjay ยท Mar 11, 2021 09:30 PM

AmInvest: Bermaz to conclude Kia deal by April 2021 01

It seems that Kia's Malaysian operations are set to go under new ownership as early as April, as hinted by an investment report.

AmInvest: Bermaz to conclude Kia deal by April 2021 02

This is the Kia Seltos, recently launched with prices starting from RM 115k

AmInvestment Bank's report from earlier today hints that Bermaz Auto are potentially the ones taking over Kia's operations here, stating the company's "potential win of Kia's manufacturing, assembly and distribution rights, possibly by April 2021".

Kia Malaysia in limbo?

AmInvest: Bermaz to conclude Kia deal by April 2021 03

Kia Grand Carnival

Kia's Malaysian operations have been embroiled in an ownership limbo since last year, when we first learnt that Naza Group was keen on letting go of the South Korean marque.

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Also read: Naza Kia Malaysia in limbo while Peugeot moves ahead with Berjaya Auto Alliance

AmInvest: Bermaz to conclude Kia deal by April 2021 01

Kia Seltos

Since then, Bermaz Auto has emerged as the frontrunner to take over the brand here. Besides them, it was reported that Sime Darby Bhd. and Berjaya Group are also in line to take over the brand.

AmInvest: Bermaz to conclude Kia deal by April 2021 02

Time will tell how this will shape up. Beyond AmInvestment Bank's report, Bermaz Auto has yet to comment on the matter.

Sanjay

Senior Writer

With humble beginnings collecting diecast models and spending hours virtually tuning dream cars on the computer, his love of cars has delightfully transformed into a career. Sanjay enjoys how the same passion for cars transcends boundaries and brings people together.

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