Thursday 15 December 2011

Don't sell Proton stake to foreign firm: Dr M

Khazanah Nasional Bhd, a Malaysian government investment company, shouldn’t sell its controlling stake in carmaker Proton Holdings Bhd to a foreign company, former prime minister Tun Dr Mahathir Mohamad told reporters today in Selangor.

“I don’t think we should sell a stake to foreign companies,”said Dr Mahathir, who helped found Proton and remains an adviser. “They can participate in the company and contribute, but not by controlling” or buying shares. -- Bloomberg



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