Winning venture: Naza Corp joint group executive chairman SM Nasarudin SM Nasimuddin exchanging documents with Gomes after the signing ceremony witnessed by Prime Minister Datuk Seri Najib Tun Razak. Looking on are Kedah Mentri Besar Datuk Seri Ahmad Bashah Md Hanipah (left) and International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
PUTRAJAYA: France’s Groupe PSA, which was in the running to be the foreign strategic partner of national carmaker Proton Holdings Bhd (Proton), has tied up with Naza Corp Holdings Sdn Bhd to make Malaysia its manufacturing hub for Asean. The Peugeot manufacturer buys 56% stake in the Kedah facility
Groupe PSA and Naza Corp have signed the share sale and joint-venture agreements, whereby the French carmaker has acquired a 56% stake for an undisclosed sum in the Naza Automotive Manufacturing Sdn Bhd (NAM) plant in Gurun, Kedah.
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