Tan Chong International to use sale proceeds as working capital after $126.3 million deal with CDL Aries
Tan Chong International Limited (TCIL), a subsidiary of Singapore-based conglomerate CDL Aries Investment, has announced that it will use the proceeds from the sale of its automotive business to CDL Aries as working capital for its remaining operations. TCIL has been in the automotive business for over 50 years and is known for its Nissan […]