Tuesday, December 13, 2011

Proton: Khazanah regularly gets proposals, enquiries about its stakes

KUALA LUMPUR (Dec 13): PROTON HOLDINGS BHD []'s major shareholder Khazanah Nasional Bhd regularly receives proposals, enquires and expressions of interest about its various investments and companies.

In a statement issued to Bursa Malaysia on Tuesday, Proton said it had enquired with Khazanah, which owns a 42.7% stake, on news reports on Monday about DRB-HICOM BHD [] buying into Proton.

'The board of directors of Proton wishes to inform that after making due enquiry with the major shareholder, Khazanah has informed that, in its normal course of business, it regularly receives proposals, enquiries and expressions of interest in relation to its various investments and companies where it has interest in, including Proton. Khazanah will make necessary disclosure at the appropriate time,' it said.

Proton said in the meantime, business was as usual at Proton and the company would undertake to make all necessary disclosure to Bursa Malaysia in accordance with the provisions of the Main Market Listing Requirements.

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