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Five-year lifeline for Proton


Mustapa: The Government has agreed to approve the soft loan of RM1.5bil to ensure that Proton remains sustainable as a national carmaker,

Mustapa: The Government has agreed to approve the soft loan of RM1.5bil to ensure that Proton remains sustainable as a national carmaker,

PETALING JAYA: The Government has given the management of the national car company, Proton Holdings Bhd, five years to improve its financials, and has described it as crucial for it to get a strategic partner for a turnaround.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said that Proton needed to repay the RM1.5bil that was injected into the company with cumulative dividends of 4% per annum in the next five years.

   

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