DRB-Hicom confirms interest in Proton stake
DRB-Hicom Bhd had recently submitted a proposal to the government indicating its preliminary interest in the possibility and prospects of acquiring a portion of shares in Proton Holdings Bhd, the company said on Nov 14.
Replying to a Bursa Malaysia query on a report in the latest issue of The Edge, DRB-Hicom said it would make the appropriate announcement to Bursa in a timely manner should there be any significant development or agreement on this matter.
The Edge reported that DRB-Hicom was one of the parties that had submitted proposals to take over Proton. In the report, it said Khazanah Nasional Bhd, which owns a 42.7% stake in Proton, could sell down as much as 32% stake in the company.
Prime Minister Datuk Seri Abdullah Ahmad Badawi had said on Nov 9 that the government was considering giving approval for German carmaker Volkswagen AG to take up a 51% controlling stake in Proton's manufacturing operations.
Replying to a Bursa Malaysia query on a report in the latest issue of The Edge, DRB-Hicom said it would make the appropriate announcement to Bursa in a timely manner should there be any significant development or agreement on this matter.
The Edge reported that DRB-Hicom was one of the parties that had submitted proposals to take over Proton. In the report, it said Khazanah Nasional Bhd, which owns a 42.7% stake in Proton, could sell down as much as 32% stake in the company.
Prime Minister Datuk Seri Abdullah Ahmad Badawi had said on Nov 9 that the government was considering giving approval for German carmaker Volkswagen AG to take up a 51% controlling stake in Proton's manufacturing operations.
posted by SEE FU at 7:53 AM
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