Geely acquires Proton stake for RM460mil


KUALA LUMPUR: DRB-Hicom Bhd and Zhejiang Geely Holdings Group have inked a definitive agreement under which the latter will acquire a 49.9% stake in the national car manufacturer for RM460.3mil.

Of the sum, RM170mil will be paid via a cash injection, with the remaining RM290mil as a transfer of Geely’s Boyue sports utility vehicle (SUV) platform to Proton.

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