Tuesday, January 3, 2012

Proton continues to remain in limelight

KUALA LUMPUR (Jan 3): PROTON HOLDINGS BHD [] continued to remain in the limelight and on investors' radar into the new year, following a report by the Edge weekly that General Motors (GM) is eyeing a stake in the national carmaker's Tanjung Malim plant.

At 9.30am, Proton added six sen to RM4.88 with 732,600 shares traded.

The Edge weekly in its latest edition reported that Proton's top management was said to be in talks with the Detroit-based GM to sell up to a 50% stake in its Tanjung Malim plant.

Citing sources, the Edge said that GM could buy a 40% to 50% stake in the plant for between RM700 million to RM800 million.

For more, read the latest edition of the Edge weekly.

No comments:

Post a Comment