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About MeGroup

MeGroup engages in the automobile dealership business in Malaysia.

MeGroup Headquarter Location

Jalan 5 Taman Cheras

Cheras, 43200,

Malaysia

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Latest MeGroup News

MeGroup will begin leasing unsold cars to auto subscription platform Flux

Mar 22, 2020

The collaboration is intended to provide the group with an additional income stream by monetising its unsold inventory. 23 March 2020 MeGroup, an auto company based out of Malaysia, recently announced it will be leasing their unsold vehicles to vehicle subscription platform Flux. MeGroup's unsold inventory will be leased to Flux when the latter receives customer requests. Flux will then sublease the cars to customers through its online platform. The collaboration is intended to provide the group with an additional income stream by monetising its unsold inventory, MeGroup said. It is not expected to have any material impact on the group for the current financial year ending March 31, 2020. As the agreement is based on the number of customer requests Flux receives, MeGroup said it cannot be certain of the expected financial impact of the collaboration for the financial year ended March 31, 2020. MeGroup currently has six car brands – Mazda, Honda, Peugeot, Hyundai, Ford and Mitsubishi – and nine dealership outlets in its portfolio. Jeffrey Wong, head of growth and expansion and head of dealerships at MeGroup, said Flux has already secured customers for its cars and MeGroup hopes to "begin this leasing service as soon as it can."

MeGroup Acquisitions

1 Acquisition

MeGroup acquired 1 company. Their latest acquisition was Honda MJN Motors on April 04, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/4/2019

$99M

Corporate Majority

1

Date

4/4/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Corporate Majority

Sources

1

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