Proton likely to announce foreign strategic partner soon

Proton’s plant in Tanjung Malim, Perak. Reports say the national carmaker has shortlisted three foreign companies to be its strategic partner, with due diligence expected to be done on the interested parties this month.

THE clock is ticking for Proton Holdings Bhd as its quest to find a foreign strategic partner reaches a fast-approaching deadline.

Based on reports, the national carmaker, which has until the end of this quarter to find a strategic partner, could be making an announcement on this matter by as early as February.