DRB-Hicom Bhd, a Malaysian automobile assembler controlled by billionaire Syed Mokhtar Shah Al-Bukhary, is the best potential buyer for Khazanah Nasional Bhd’s 43 percent stake in carmaker Proton Holdings Bhd, former Prime Minister Mahathir Mohamad said.
Khazanah has yet to select a buyer, said Mahathir, who is an adviser to Proton. A new shareholder would need to invest fresh funds to develop new products, so the stake should be sold at a “reasonable” price, he said in a joint interview today in Putrajaya, outside of Kuala Lumpur. -- Bloomberg
Khazanah has yet to select a buyer, said Mahathir, who is an adviser to Proton. A new shareholder would need to invest fresh funds to develop new products, so the stake should be sold at a “reasonable” price, he said in a joint interview today in Putrajaya, outside of Kuala Lumpur. -- Bloomberg
