DAP questions Proton
The Democratic Action Party (DAP) secretary general Lim Guan Eng handed over a 20-question memorandum over to Proton corporate communications head Yusri Yusof on Friday at Proton’s HQ in Shah Alam. The questions were mainly in relation to Proton’s sale of MV Agusta SpA for only 1 Euro, Volkswagen’s failed alliance with Proton and Proton’s new co-operation with Mitsubishi.
In other Proton news, Bursa Malaysia CEO Yusli Mohamed Yusoff said on behalf of Bursa Malaysia that Proton has issued sufficient information on it’s sale of MV Agusta SpA and has fulfilled Bursa Malaysia’s disclosure requirements for listed companies. There are a few provisions for business decisions that require shareholder approval but the sale did not trigger any of them, as such Bursa Malaysia does not require anything else from Proton.
However, a spokesperson from the Securities Commission said the SC is looking into the matter as suggested by Tun Dr. Mahathir in his press statements, but no final decision has been made yet.
February 20, 2006 @ 11:53 am
cheapshot politicians…
February 20, 2006 @ 3:49 pm
Wahlaueh,
P1 just want to cover their back for 100> millions of losses, & make it looks like really TM & TDM fault… just my guessing… why cannot share more on what people question about the MV’s sale… News release to Bursa Malaysia is not much…
February 20, 2006 @ 8:11 pm
This is a very clear case of Proton’s being defensive. It can’t be argued that they fulfilled BSM requirement , but then what about public interest. What about us, who are forced to subsidised their existense for the past 20 years.
We were indirectly forced to create fund to them in the name of “:national car” project and then see few hundred MILLIONS go down the drain in a matter of one year ?
Common , go straight to the issue. If the 2TMs screwed up in the first place with the purchase , bring it out in the open and clarified the detail rationale of the 1 euro disposal. It is not only money at stake here but the credibility of the nation as a whole. We do not want some JC idiots start to have the idea that we really wear banana leaf and produced car in the jungle !!!
February 22, 2006 @ 10:37 am
Dear reader,
business are run by businessman
government are run by politician.
the country will fail when “politician run business”, that is why all this “protection” come in. Worst, who make the money, small individual politician.