DRB-Hicom to complete Proton's stake disposal by mid-2017
Published on: Thursday, September 29, 2016
SETIA ALAM: Conglomerate DRB-HICOM Bhd aims to complete Proton Holdings Bhd's stake disposal exercise by the middle of next year. Speaking to reporters after the launch of new Proton Saga here Wednesday, Group Managing Director Datuk Seri Syed Faisal Albar Syed Ali Rethza Albar said currently, the group was studying proposals from five potential buyers. "We are at the stage of understanding their strategic proposals where we will be meeting up with them for more deeper discussions to understand what they can offer before we can decide how much stake we are willing to give up.
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"We hope to identify the potential partner by next year and complete the exercise at least by the middle of next year. Stay up-to-date by following Daily Express’s Telegram channel.
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