MalaysiaKini quotes financial weekly The Edge in reporting two proposals to buy over government investment arm Khazanah Nasional’s 42.7 percent stake in Proton. These proposals are said to be from Naza and DRB-HICOM. MalaysiaKini’s article also says Sime Darby Berhad’s CEO Ahmad Zubir Murshid told The Edge that Sime Darby also had submitted such a proposal a long time ago but no further details have been revealed.
I don’t have a copy of this week’s The Edge, so this is pretty much all the details I have on the issue. But such a news will surely trigger a query from Bursa Malaysia, so let’s wait for DRB-HICOM’s response on the issue. Previously DRB-HICOM responded to a Bursa Malaysia query on a similiar report by BizWeek titled “DRB-HICOM steers towards Proton” on 12th August 2006 with a statement denying any talks or negotiations with any Proton Holdings Berhad shareholders regarding a purchase of stake.
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AI-generated Summary ✨
Comments focused on the potential acquisition or merger of Proton, highlighting that it is likely a buyout of Khazanah's 42% stake, which could allow for better management and technological transfer, especially from foreign companies like VW or VW partners. Some express skepticism about local companies like Naza or DRB-HICOM, suggesting foreign partnerships or ownership could boost Proton's future. There’s concern over political interference, quality issues, and the need for serious technological innovation to revive Proton’s competitiveness.