Proton’s management has prepared a draft response to the joint letter by Tengku Tan Sri Mahaleel Ariff (ex-CEO of Proton) and Tun Dr. Mahathir Mohamed questioning the rationale of the sale of Proton’s 57.75% stake in MV Agusta for 1 Euro (RM4.50).

The response has been forwarded to the board for approval, but Proton head of group corporate communications Yusri Yusuf did not say if Proton would issue the statement today.