KUALA LUMPUR (March 14): DRB-HICOM BHD [] mulls selling Lotus Group International if it does not meet the performance objectives, wire reports said.
The reports said other options included a potential change in the management of Lotus, which is owned by Proton.
DRB-Hicom had on Wednesday received its shareholders’ approval to buy the 42.7% stake in PROTON HOLDINGS BHD [] for RM1.29 billion.
The purchase of Proton is expected to be completed in seven days.
The reports said other options included a potential change in the management of Lotus, which is owned by Proton.
DRB-Hicom had on Wednesday received its shareholders’ approval to buy the 42.7% stake in PROTON HOLDINGS BHD [] for RM1.29 billion.
The purchase of Proton is expected to be completed in seven days.
