PETALING JAYA: The Government has given the management of the national car company, Proton Holdings Bhd, five years to improve its financials, and has described it as crucial for it to get a strategic partner for a turnaround.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said that Proton needed to repay the RM1.5bil that was injected into the company with cumulative dividends of 4% per annum in the next five years.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
