Proton remains Malaysian-owned

New look: Youth and Sports Minister Khairy Jamaluddin (left) and DRB-Hicom chairman Tan Sri Mohd Khamil Jamil (in striped shirt) posing with the newly-launched Saga in Shah Alam. With them are Syed Faisal (right) and Ahmad Fuaad. – Bernama

SHAH ALAM: Proton Holdings Bhd will remain a Malaysian company with DRB-Hicom Bhd being its substantial shareholder, even as the owner of the national carmaker weighs its options on a foreign partner.

DRB-Hicom, which owns 100% of Proton, had confirmed shortlisting five potential strategic partners in a government-imposed plan to turn around the loss-making carmaker and make it a global player.