PETALING JAYA: DRB-Hicom Bhd
's subsidiary Perusahaan Otomobil Nasional Sdn Bhd (Proton) is disposing of its 60% equity interest in Advance Vehicle Engineering Global Sdn Bhd (AVEE Global) to AAPICO Hitech Public Co Ltd for RM40.7mil.
In a filing with Bursa Malaysia, DRB-Hicom said the disposal will enable the Proton brand to further strengthen its mission to become a major player in the Asean automotive market via better cost optimisation, efficiency and quality of production of cars.
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