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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Saga , Proton , stake

   

Next In Business News

Ringgit opens higher against US$, other major currencies
KLK's recruitment issues to be short-lived, say analysts
Renewed bets on Fed cuts boost KLCI to 1,600
Wall Street closes higher for third session on rate cut optimism
Trading ideas: Ho Hup, Favelle, KKB, Nice, Sunzen Biotech, Sin-Kung, Ireka, Malaysian Genomics, RHB, Seng Fong
RBA to maintain key rate to restrain price pressures
The Global South and the need for economic growth
Optus names Stephen Rue as new chief executive
ADB gets highest net income allocation in history
Century-old association continues moving with the times

Others Also Read