Proton shortlists five bids for equity sale  [ Malaysia ]

DRB-Hicom, owner of Malaysian national carmaker Proton, said on September 28 that it has shortlisted five potential foreign partners for a tie-up that includes an equity sale aimed at reviving the loss-making company.Syed Faisal Albar Syed Ali Rethza Albar, managing director of conglomerate DRB-Hicom, said that it will remain a "substantial'' shareholder of Proton but doesn't rule out selling a...
<Sep 29, 2016>