Proton Holdings Bhd MD Syed Zainal Abidin Syed Mohamed Tahir said today that the company is in talks with a foreign company for a strategic core alliance, which might involve selling a stake to the foreign company in exchange for technology transfer. Not much more details beyond that were said, but details are to be announced at the end of this month once an agreement between the two sides is reached.
I guess we’ll have to wait until the end of this month before we know more about this partnership, and who the foreign car manufacturer is, and whether selling a stake would be involved. It will be good that technology transfer is in the plans. Can’t wait to know the full details.