Proton Holdings to issue 250m new loan stocks to govt

Proton also needs to develop a solid business plan.

DRB-Hicom said on Thursday Proton will issue the loan stocks of one sen each to GovCo Holdings Bhd, which is in addition to the issuance of 1.25 billion loan stocks earlier in June.

It said the Task Force and representatives of Proton Holdings had met on Aug 10.  On Aug 16, the national car maker's representatives had issued a letter to the Ministry of Finance that the balance of the government's support would be through the issuance of the new 250 million Proton loan stocks.