DRB-Hicom’s prospects to improve with stake sale

PUTRAJAYA: DRB-Hicom Bhd is expected to see its long-term prospects improve significantly following the sale of a 49.9% stake in Proton Holdings Bhd and 100% of British automaker Lotus.

The sale of the two key components of its auto business would bring relief from spending vast amounts of money on research and development (R&D) for the running of the companies.