- Business
- Tan Chong International Limited (SEHK: 0693, SGX: T15) is a Bermuda-incorporated investment holding company principally engaged in the distribution and retail of motor vehicles and related spare parts; heavy commercial vehicle and industrial equipment distribution; property rentals and development; transportation services; and other operations including vehicle seat manufacturing, auto leasing, hire purchase financing, motor vehicle repair and maintenance, commercial loans, insurance agency services, equipment rental, spare parts trading, auction site operations, vehicle logistics, and electricity generation from solar power. The company distributes Nissan and Subaru passenger cars and light commercial vehicles, heavy commercial vehicles, industrial equipment, and forklift trucks across Singapore, Taiwan, the People's Republic of China, Japan, Thailand, the Philippines, Malaysia, Vietnam, Cambodia, and other international markets; it also operates through subsidiaries such as ZERO Group for vehicle transportation and logistics in Japan and ETHOZ Group for vehicle rental in Singapore. Founded in 1957 with roots in Tan Chong Motor Holdings Berhad and headquartered at Unit 3001, 30th Floor, Shui On Centre, 6-8 Harbour Road, Wan Chai, Hong Kong, with key operations centred in Singapore at Tan Chong Motor Centre, 911 Bukit Timah Road, the group reported revenue of HK$6.51 billion and after-tax profit of HK$107.7 million for the first half of 2025, reflecting improved EBITDA of HK$673.6 million amid cost controls and operational efficiencies. Recent developments include ceasing automotive production at its Thailand plant by end-2024 with asset optimization through potential sale or long-term lease; transitioning CKD markets in Malaysia, Thailand, Vietnam, and Cambodia to CBU models from Japan; launching the All-New Forester E-Boxer Strong Hybrid across multiple markets including Singapore, Hong Kong, China, Taiwan, Philippines, Malaysia, and Thailand in 2025; strong Subaru sales growth of 181% in Singapore and 100% in Thailand for the first half of 2025; ZERO Group's revenue increase of 8% and after-tax profit growth of 36% driven by domestic automotive logistics and used car exports; ETHOZ Group's 10% after-tax profit rise despite modest revenue decline; placing the potential separate listing of ETHOZ Group on hold pending favorable market conditions; and planned introductions of two new Subaru EV models in early 2026 alongside new Nissan models like Townstar EV and enhanced Serena e-POWER.