Monday 5 December 2011

Proton management keen on buyout: MD

The management of Proton Holdings Bhd is interested in buying out Malaysia’s state-controlled carmaker, Managing Director Syed Zainal Abidin Syed Mohamed Tahir said in a telephone interview today.

“If the opportunity arises for a management buyout, we would be keen,” he said. “However, there is no submission.” Other companies are also interested and it’s up to Proton’s shareholders to decide, Syed Zainal said. -- Bloomberg



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