Sources say that Proton Holdings Bhd is reviewing it’s investments in MV Agusta Motor and the Lotus Group International.
No decision made so far, but Proton might cut down on such investments that are non-core assets.
Proton had made a RM137 million provision for bad debts that contributed to a net loss of RM12.4 million last quarter, and most of that amount is suspected to linked to loss-making MV Agusta.
Proton’s cash reserves had dwindled down to RM 2.8 billion this year, from RM 6 billion in 2001.
I doubt Proton would let go of Lotus – the main subject here seems to be MV Agusta, but we cannot rule it out just yet.