The Government has no plans to nationalise loss-making Proton Holdings Bhd after it subscribed to preference shares in the company.
If the Government converts the 1.25 billion redeemable convertible cumulative preference shares (RCCPS), which it has proposed to subscribe from Proton, it would become the largest shareholder in the carmaker with a 79% stake.
But this won’t be the case, said a source familiar with the matter.
“The Government will not take over Proton,” he said, adding that Proton had transitioned from a Government-owned company into a fully private entity.
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If the Government converts the 1.25 billion redeemable convertible cumulative preference shares (RCCPS), which it has proposed to subscribe from Proton, it would become the largest shareholder in the carmaker with a 79% stake.
But this won’t be the case, said a source familiar with the matter.
“The Government will not take over Proton,” he said, adding that Proton had transitioned from a Government-owned company into a fully private entity.
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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