Khazanah to make necessary disclosure on any Proton sale

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Khazanah to make necessary disclosure on any Proton sale

Khazanah to make necessary disclosure on any Proton sale

Tuesday, December 13, 2011
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Proton is said to be a target of a takeover.

KUALA LUMPUR: Proton Holdings Berhad said Tuesday that Khazanah Nasional will make the necessary disclosure at the appropriate time pertaining to the sale of its stake in Proton to DRB-Hicom Bhd.

In an announcement to Bursa Malaysia, Proton said it was informed this by Khazanah after making due enquiry with its major shareholder following news reports that Khazanah was selling its 42.7 per cent stake to DRB-Hicom.

"Khazanah Nasional informed that in its normal course of business, it regularly receives proposals, enquiries and expressions of interest in relation to its various investments and companies where it has interest in, including Proton.

"We wish to reiterate that in the meantime, business is as usual at Proton," the national car-maker said.