KUALA LUMPUR: Johor-based Tiong Nam Logistics Holdings Bhd, which saw its share price climb to an all-time high of RM1.76 last Tuesday, is set to embark on a new route to China in January next year. Tiong Nam managing director and founder Ong Yoong Nyock sees growing demand for its services, as Beijing’s “One Belt, One Road” policy is expected to boost business activities between China and Southeast Asia. Today, Tiong Nam is the largest trucking company in the country with about 2,000 lorries of various capacities, including open, box, bonded and refrigerated containers. Ong said Tiong Nam will operate four transport hubs in China, Laos, Thailand and Malaysia, with three major routes of China-Vietnam, Laos-Thailand and Thailand-Malaysia. Ong added that in the future, Tiong Nam could even become a total logistics company offering e-commerce services.

Source: The Edge Markets November 07, 2016 01:12 UTC