Malaysia’s Oriental Holdings Bhd. said on Tuesday its unit Oriental-Hyundai Sdn. Bhd. has signed an agreement to assemble and distribute the Hyundai Accent model in Malaysia this year, Dow Jones reported.
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The agreement signed on Tuesday with South Korea’s Hyundai Motor is for the 1.3- and 1.5-litre models, the report said.
According to Dow Jones, Oriental-Hyundai expects to launch the models in Malaysia in the fourth quarter of 2003 and aims to sell 15,000 units in 2004.
