CCB gives up Peugeot in Malaysia

Cycle & Carriage Automobiles Sdn. Bhd., a wholly owned subsidiary of Cycle & Carriage Bintang (CCB) Bhd will cease operation as Peugeot franchise holder in Malaysia. CCB has recently notified Bursa Malaysia that it will not renew its franchise contract with Automobiles Peugeot of France when it expires by 31st December 2007.CCB has also announced in its annual report that its Peugeot business arm