The Government has given the management of the national car company, Proton Holdings Bhd, five years to improve its financials, and has described it as crucial for it to get a strategic partner for a turnaround.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said that Proton needed to repay the RM1.5bil that was injected into the company with cumulative dividends of 4% per annum in the next five years.
“It is therefore crucial for Proton to find a strategic partner and implement its turnaround plan that would be closely monitored by a task force,” he said in a statement yesterday, clarifying the reasons why the Government had to step in with a cash injection for the ailing national car manufacturer.
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International Trade and Industry Minister Datuk Seri Mustapa Mohamed said that Proton needed to repay the RM1.5bil that was injected into the company with cumulative dividends of 4% per annum in the next five years.
“It is therefore crucial for Proton to find a strategic partner and implement its turnaround plan that would be closely monitored by a task force,” he said in a statement yesterday, clarifying the reasons why the Government had to step in with a cash injection for the ailing national car manufacturer.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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