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NewsDRB-Hicom best buyer for Proton stake: Mahathir
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DRB-Hicom best buyer for Proton stake: Mahathir
by hlk Mon 12 Dec 2011, 12:52
DRB-Hicom Bhd, a Malaysian automobile assembler controlled by
billionaire Syed Mokhtar Shah Al-Bukhary, is the best potential buyer
for Khazanah Nasional Bhd’s 43 percent stake in carmaker Proton Holdings
Bhd, former Prime Minister Mahathir Mohamad said.
Khazanah has yet to select a buyer, said Mahathir, who is an adviser
to Proton. A new shareholder would need to invest fresh funds to
develop new products, so the stake should be sold at a “reasonable”
price, he said in a joint interview today in Putrajaya, outside of Kuala
Lumpur. -- Bloomberg
billionaire Syed Mokhtar Shah Al-Bukhary, is the best potential buyer
for Khazanah Nasional Bhd’s 43 percent stake in carmaker Proton Holdings
Bhd, former Prime Minister Mahathir Mohamad said.
Khazanah has yet to select a buyer, said Mahathir, who is an adviser
to Proton. A new shareholder would need to invest fresh funds to
develop new products, so the stake should be sold at a “reasonable”
price, he said in a joint interview today in Putrajaya, outside of Kuala
Lumpur. -- Bloomberg
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