Tan Chong International Limited (HK:0693) has released an update.
Tan Chong International Limited (TCIL) and Subaru Corporation have decided to replace their Complete Knock Down (CKD) business model with a Complete Build Up (CBU) sales model from Japan in Thailand, Vietnam, Malaysia, and Cambodia. This strategic shift signifies the companies’ joint effort to adapt to changing market conditions and sustain growth. The two corporations are confident that this proactive business transformation will ensure continued success in these dynamic Southeast Asian markets.
For further insights into HK:0693 stock, check out TipRanks’ Stock Analysis page.