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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Status of Khazanah’s stake in Proton to be known this week

Posted on 16 January 2012

As the decision on the new owner of Khazanah Nasional Bhd’s (Khazanah) 42.7-per cent stake in Proton Holdings Bhd (Proton) is expected to be known early this week, there is deep concern by industry players that the move will have an impact on the development of the national auto industry.
Among the major areas concern would include the company’s vendor programme, which involves many vendors. They opined that the new shareholder should continue to outsource the manufacturing of parts and components for Proton vehicles, which Proton has been doing since its inception, spawning a brisk auto parts industry in the country………………………………………..Full Article: Source


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