Etika Automotive Sdn Bhd

The group also has presence across key markets in south east asia such as singapore indonesia brunei myanmar philippines and vietnam.

Etika automotive sdn bhd. Etika sdn bhd is headquartered in malaysia. Geely is also in talks to increase its 51 percent stake in lotus with its malaysian partner etika automotive sdn bhd which holds the remainder another person said. Etika info sdn bhd is a fully fledged ict solutions provider founded in 2014. Combines its knowledge of world class technology providers to design implement and support its client s business transformation ambitions including the innovation of the data centre software server storage systems and security networking technologies all of the solutions implemented are backed up by a.

Etika stands for ethics or trust and the company will continue to deliver service for excellence with trusted products and inherent brand integrity at all times. Introduction we refer to the announcement on 24 may 2017 in relation to the heads of agreement entered into by the company on the same date. The remaining 49 stake will be sold to etika automotive a subsidiary of etika strategy which is owned by tan sri syed mokhtar al bukhary who happens to control drb hicom. By proton holdings berhad to geely and etika automotive sdn.

Etika automotive proposed divestment collectively referred to as the proposals 1. Is a company registered with suruhanjaya syarikat malaysia and and is issued with the registration number 1190929 x for its business operation. Etika holdings have established distribution network across malaysia with over 40 000 direct customers. Drb hicom bhd is exiting the sports car segment with its sale of lotus advance technologies sdn bhd to zhejiang geely holding group co ltd which will take a controlling 51 stake and etika automotive sdn bhd which will buy the remaining 49 stake the bid submissions for lotus were lower than the 100 million rm556 04 million we got from geely and etika so we got a.