Is Proton Better Off Now?
from Market Watch Hosted by BFM Media
Khazanah sold its 43% stake in Proton to DRB Hicom at RM5.50 per share; a 6% premium to Proton’s last closing price. Proton is the largest corporate deal in Khazanah's divestment campaign, which started more than a year ago when it sold a 32% stake in Pos Malaysia, also to DRB-Hicom. Ahmad Maghfur Usman, Analyst at OSK Research talked about the level of transparency in the entire process, what next for Lotus and why not lease out the Tanjung Malim plant instead. Ends with the secret of Tan Sri Syed Mokhtar's success.
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