Board meeting on Oct 19 to review and consider majority shareholder’s intent to purchase all outstanding shares and de-listing under Rule 5.14.1. of listing regulations
Pak Suzuki announced that the new Suzuki Swift will hit the local market after 11 years, after the company decided to discontinue the old model in August 2021.
Pak Suzuki recently reported that it has been struggling with the production and delivery of its cars due to post-pandemic related interruptions and delays in the global supply chain.
“Auto sales are riding on strong momentum driven by higher demand amidst low interest rate and economic recovery, where unit sales of our universe have increased by 33% YoY and 13% QoQ.”