PETALING JAYA: The selling of a 49.9% stake of Proton Holdings Bhd to a China-based company does not equate to a sell-out, said DRB-Hicom Bhd group managing director Datuk Seri Syed Faisal Albar.
The sale of the stake to Zhejiang Geely Holding Group Co should not be seen as that because Proton is a private entity, he said.
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