For every 1,000 shares an investor had bought in Tan Chong Motor Holdings Bhd
(TCM) in 1973 and held it for forty years, he would have pocketed some RM3,005 purely in cash dividends. Apart from cash, the investor would have also got free shares in a Hong Kong-listed company and two other local companies during a de-merger in 1999.
This is amidst the tough business environment in the automotive industry where companies producing national cars had for long an advantage over non-national car manufacturers.
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