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BEIJING: The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds (US$1.9bil) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter.
KUALA LUMPUR: DRB-Hicom Bhd is selling its entire stake in Alam Flora Sdn Bhd to Malakoff Corp Bhd for RM944.6mil.
PETALING JAYA: Though Proton is now managed by the Chinese company Geely, Prime Minister Tun Dr Mahathir Mohamad wants Malaysians to participate in the supplying and manufacturing process.
PETALING JAYA: Shares in DRB-Hicom Bhd surged after the Pakatan Harapan government decided it would not buy Proton Holdings Bhd, paving the way for Chinese strategic partner Zhejiang Geely Holding Group Co Ltd to proceed with the turnaround of the national car company without political intervention.
KUALA LUMPUR: Pos Malaysia Bhd has appointed Tradewinds (M) Bhd group managing director Datuk Mohammad Zainal Shaari as its new chairman and made a daughter of Tan Sri Syed Mokhtar Al-Bukhary a board member.