The Mazda distributorship in Malaysia will be handled by Berjaya Corporation from the second half of 2008, through its company BerMaz Motor Sdn Bhd, formerly known as Berjaya Synthetic Fibre Sdn Bhd. BerMaz will acquire Cycle and Carriage Bintang Berhad’s entire shareholding in Hercules Automotive Engineers Sdn Bhd, which is the current Mazda franchise holder and a Cycle and Carriage company since 1983.
The Hercules shares will go for a total of RM16.8 million. BerMaz Motor’s Distribution Agreement with Mazda will begin officially on the 1st of April 2008 and will end 3 years later on 31st of March 2011.
Berjaya group currently has its foot in the automotive industry selling Skoda cars, ChangAn cars and Mercedes-Benz commercial vehicles. The ChangAn CM8 sighted on public roads sometime in the past is most likely brought in by Berjaya for testing.