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Saturday, August 11, 2007

10-08-2007: EPF cuts Proton stake

The Employees Provident Fund (EPF) reduced its shareholding in Proton Holdings Bhd to 72.72 million shares after disposing of 3.6 million shares from July 10 to 23.

A filing with Bursa Malaysia showed the fund disposing of one million Proton shares on July 10 and another 1.12 million shares the next day. The other shares were disposed from July 12 to 23.

After the disposal of the shares, its stake was reduced to 13.24% or 72.72 million shares.

The share price of the embattled car maker was trading between RM5.70 to RM6.05 on those days.

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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)