After several weeks of speculation, Malaysian carmaker Proton Holdings, which has been held under the government’s investment arm Khazanah Nasional, has finally been sold to local conglomerate DRB-Hicom Holdings. At RM5.50 (US$1.77) per share, Khazanah has sealed a deal with DRB-Hicom to sell its 42.7% stake in Proton to the latter for a total of...
China downplays South China Sea island reclamation project
Tue, May 26, 2015 1:44PM UTC
Rest home fire in central China kills 38
Tue, May 26, 2015 10:27AM UTC
Indonesian police kill 2 suspected terrorists in shootout
Mon, May 25, 2015 8:11PM UTC