Future of Lotus uncertain later takeover of Proton

DRB-Hicom Bhd's recent takeover of Malaysian auto maker, Proton Holdings Bhd. has resulted inwards an uncertain futurity for Lotus Group International Ltd.

Khazanah Nasional Bhd. which is the Malaysian Government’s investment arm, sold its 42.7% stake inwards Proton to DRB-Hicom for RM1.29 billion ($414 million). An additional 7.7 portion stake was bought inwards the opened upwards marketplace position which gave DRB-Hicom a bulk stake inwards the company.

Proton bought Lotus Group International Ltd inwards 1996 simply the subsidiary has silent to brand a profit. News reports quest that sales create got collapsed inwards the UK.

The rumours that the novel owners of Proton powerfulness sale off the companionship create got hitting morale at the British HQ though Dato’ Sri Syed Mokhtar Al-Bukhary, caput of DRB-Hicom, has dismissed these rumours. Read the amount report here.

Comments