SHAH ALAM: PROTON HOLDINGS BHD []'s unit Lotus is expected to breakeven by 2014, said Proton group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir.
He said Lotus cars plans to raise ''270m via conventional financing from six financial institutions.
The six institutions acting as lenders are CIMB Bank, Maybank, OCBC, Exim Bank, Affin Bank and EON Bank.
However, Syed Zainal did not provide a breakdown of how much Lotus would seek from each of the respective banks.
The loan syndication forms part of the funding required to execute the five year business plan.
With the closing of the syndication exercise, the external portion of the funding is now in place.
At 10.40am, Proton was up eight sen to RM3.33 with 30,000 shares traded.
He said Lotus cars plans to raise ''270m via conventional financing from six financial institutions.
The six institutions acting as lenders are CIMB Bank, Maybank, OCBC, Exim Bank, Affin Bank and EON Bank.
However, Syed Zainal did not provide a breakdown of how much Lotus would seek from each of the respective banks.
The loan syndication forms part of the funding required to execute the five year business plan.
With the closing of the syndication exercise, the external portion of the funding is now in place.
At 10.40am, Proton was up eight sen to RM3.33 with 30,000 shares traded.
No comments:
Post a Comment