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Visitors inspect Proton cars at its headquarters in Shah Alam, near Kuala Lumpur, Malaysia. Pic: AP.

Malaysia govt offloads Proton stake without denting national pride

By Wed, Jan 18, 2012 1:14PM UTC Comments Off Visitors inspect Proton cars at its headquarters in Shah Alam, near Kuala Lumpur, Malaysia. Pic: AP.

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...

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