Malaysian Government to control Proton  [ Malaysia ]

The Malaysian Government has decided to provide Proton with MYR 1.25 billion (USD 307 million) worth of funding by accepting new redeemable convertible cumulative preference shares (RCCPS) in the carmaker on June 6. The national news agency Bernama and other media reported. The government has imposed a condition to form the strategic partnership with a major global automaker within a year. ...
<Jun 08, 2016>