Choice of investor for Proton is DRB-Hicom’s decision — Mustapa
KUALA LUMPUR: The choice of the strategic investor to lead Proton Holdings Bhd was the absolute decision by DRB- Hicom Bhd as the owner of the national car manufacturer, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.
“It’s up to DRB-Hicom to make that decision and it is not related to the government.
“However, I am made to understand that DRB-Hicom will continue to drive the management of Proton. Nevertheless, it’s a private decision,” he said when asked to comment on the status of Proton management.
He was met at a seminar on the ASEAN Economic Community here yesterday.
DRB-Hicom had signed an agreement with Zhejiang Geely Holding Group Co Ltd based in China to pave the way for it to buy a 49.9 per cent stake in Proton. — Bernama