APM Automotive and Hyundai Transys form joint venture in Indonesia

PT APM Automotive Indonesia entered into a joint venture with Hyundai Transys Inc. to manufacture and supply automobile seats and related parts to PT Hyundai Motor Manufacturing Indonesia, with APM acquiring 50% of PT Hyundai Transys Indonesia for $500,000.

“The Proposed Joint Venture arose out of PTHMMI’s initiative that TRANSYS and PTAAI enter into a joint venture to support the PTHMMI’s operations in Indonesia...”apm.listedcompany.com

• 1 source
• apm.listedcompany.comNews | APM Automotive Holdings BerhadJun 26, 2020

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