At meeting held on 29 January 2016
TVS Motor Company announced that the Board of Directors of the Company at its meeting held on 29 January 2016, inter alia, have approved in-principle, an investment of a sum not exceeding 10 Million Hongkong Dollars for establishment of a wholly owned subsidiary of the Company in Hongkong, mainly to widen the potential in the export market and strengthen the supply chain management in the overseas countries. Details of the proposed subsidiary will be finalized and submitted for ratification by the board of directors in course of time.Powered by Capital Market - Live News