Malaysia MinFin to Back Proton Holdings
Posted on 06/06/2016
Malaysia’s Ministry of Finance, through Govco Holdings Berhad, has plans to invest, by way of redeemable convertible cumulative preference shares, 1.25 billion MYR (US$ 307 million) into DRB-Hicom Berhad, the owner of auto manufacturer Proton Holdings Berhad. The Malaysian government is keen on protecting the country’s domestic automobile market. Proton Holdings was once the country’s […]
