Proton-Geely FSP Archive (Page 3)

  • Proton-Geely FSP: why the partnership is required

    With the Geely-Proton deal now officially confirmed, DRB-Hicom has revealed why the national carmaker requires a foreign strategic partner (FSP), and the reason it decided to sell off Lotus completely. For the first bit, DRB-Hicom […]

     



  • Proton-Geely FSP: automaker lists out its aspirations

    Proton has revealed its aspirations and what it hopes to accomplish from its partnership with Geely. Unsurprisingly, Proton wants to make its return to become the leading automaker in Malaysia by virtue of market share. […]

     



  • DRB-Hicom to sell Lotus in its entirety for £100 million – Geely to acquire 51%, Etika Automotive to buy 49%

    The announcement by DRB-Hicom earlier today that it had reached an agreement with Zhejiang Geely for the Chinese carmaker to acquire a 49.9% equity stake in Proton also saw big news about Lotus. The conglomerate […]

     



  • Proton to develop its first SUV based on Geely Boyue

    Following the announcement of the Geely-Proton agreement, we were treated to a short presentation of Proton’s future plans, which will involve the development of its first-ever SUV. The model will utilise the platform used on […]

     



  • Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July

    It’s now official; DRB-Hicom has reached an agreement with Zhejiang Geely for the Chinese carmaker to acquire a 49.9% equity stake in Proton. The deal, which is subject to regulatory and shareholder approval, will also […]

     



  • Proton to be acquired by China’s Geely; deal includes purchase of 49% stake plus takeover of Lotus – report

    After more than a year of speculation, it has emerged that Geely has agreed to purchase a 49.9% stake in Proton, according to a report by Reuters. Sources told the news agency late yesterday that […]

     



  • DRB-Hicom request for trading suspension approved – Proton FSP deal announcement to be made soon?

    DRB-Hicom appears set to make a material announcement soon. The conglomerate – Proton’s parent company – had its request for trading suspension approved Bursa Malaysia Securities today, pending the release of a material announcement. This […]

     



 
 
 

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Last Updated 09 Sep 2021