SHAH ALAM: PROTON HOLDINGS BHD []'s unit Lotus cars plans to raise ''270m from six financial institutions.
The six institutions acting as lenders are CIMB Bank, Maybank, OCBC, Exim Bank, Affin Bank and EON Bank.
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 9.30am, Proton was up seven sen to RM3.32 with 12,500 shares traded.
The six institutions acting as lenders are CIMB Bank, Maybank, OCBC, Exim Bank, Affin Bank and EON Bank.
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 9.30am, Proton was up seven sen to RM3.32 with 12,500 shares traded.
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