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NewsNod for DRB-Hicom to take control of Proton
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Nod for DRB-Hicom to take control of Proton
by hlk Wed 14 Mar 2012, 13:13
DRB-Hicom Bhd’s shareholders approved the company’s plan to buy a controlling 42.7 percent stake in Proton Holdings Bhd for RM1.29 billion (US$425 million) from Khazanah Nasional Bhd.
DRB will complete the purchase of the state-owned carmaker in seven days, according to a company statement.
Proton will become a 50-percent owned subsidiary, it said.
DRB bought an additional 7.7 percent stake in Proton from the open market in January. -- Bloomberg
DRB will complete the purchase of the state-owned carmaker in seven days, according to a company statement.
Proton will become a 50-percent owned subsidiary, it said.
DRB bought an additional 7.7 percent stake in Proton from the open market in January. -- Bloomberg
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