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Wednesday, November 15, 2006

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.


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What is the main factor for you to buy a Proton Car?
Low price and no other choice due to budget
Good resale value
Low maintenance cost
Ride & Handling is good
Reliable parts, chasis and engine
Good Styling exterior & Interior
Patriotism (I support Made in Malaysia Products)
Follow others (Follow Majorities should be the best choice)