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Tajuk : Geely and Proton to walk down the aisle — sources
link : Geely and Proton to walk down the aisle — sources
Geely and Proton to walk down the aisle — sources
KUALA LUMPUR: The two-horse race between China’s Geely Automobile Holdings Ltd and France’s Groupe PSA to see who will emerge as the foreign strategic partner (FSP) for Proton Holdings Bhd is nearing its end, with Geely the ultimate winner, according to sources.
DRB-Hicom Bhd requested yesterday to suspend the trading of its shares today, pending the release of a material announcement, which is highly anticipated to be the new FSP. Its shares settled at RM1.68 yesterday, one sen or 0.6% higher, which valued the group at RM3.248 billion.
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