HICOM-Teck See forms JVco with Jiangsu Xinquan to support Proton

DRB-Hicom’s 51% owned HICOM-Teck See Manufacturing Malaysia Sdn Bhd, on Tuesday 29 Jan 2019, has entered into a shareholders agreement with Jiangsu Xinquan Automotive Trim Co Ltd to establish Xinquan-Hicom Malaysia Sdn Bhd.

HTS will take a 51% stake in the JVCo with Jiangsu Xinquan holding the remaining 49%.