Capital Intertrade, a wholly-owned subsidiary of Bursa-listed Permaju Industries, will cease its Ford dealership business after mutually agreeing with Sime Darby Auto ConneXion (SDAC) to terminate their dealer sales and service agreement effective July 31, 2026.
“The termination was served upon deliberating and analysing past performance, current and future possibilities, which indicated a lack of sustainability and growth potential,” Permaju said in a filing with Bursa Malaysia, reported by The Star.
It added that Capital Intertrade had served a notice of company closure and surrender of operations to SDAC for the termination of the dealership agreement entered into on April 22, 2011. Permaju said the termination is not expected to have any material effect on its gearing, earnings per share, net assets or shareholdings for the financial year ending September 30, 2026.
The company added that it is currently negotiating with other brands as a possible replacement and will make an announcement once finalised. Capital Intertrade operates Ford TTDI in Sg Penchala. Its holding company also owns Cergazam, now an Xpeng dealer. If the name sounds familiar, Cergazam previously represented Chevrolet, Volkswagen and for a short period, MG.
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