Proton’s foreign strategic partner evaluation in final stages

Wednesday, 22 March 2017

KUALA LUMPUR: Proton Holdings Bhd is currently in the final stages of evaluating its foreign strategic partner (FSP), which is expected to be finalised in the first half of this year, the Dewan Rakyat was told yesterday.

Calling for all quarters to be patient, Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan said certain matters were still being discussed, especially on equity participation.

“Proton might follow the direction taken by Perusahaan Otomobil Kedua Sdn Bhd (Perodua), but not necessarily so,” he said when responding to a question from Wong Chen (PKR-Kelana Jaya). He cited Perodua’s strategic partnership with Daihatsu as an example, with Daihatsu owning 51% of the equity.

“Daihatsu has to have a 51% stake as Perodua requires huge high-technology investment,” he said. Ong hopes Proton’s FSP would be able to elevate the national carmaker’s position, both locally and internationally.

Source by: Internet

Leave a Reply