Share option: Proton’s Centre of Excellence Complex in Shah Alam. The Government has agreed to subscribe to 1.25 billion RCCPS issued by Proton via GovCo.
PETALING JAYA: The Government has no plans to nationalise loss-making Proton Holdings Bhd after it subscribed to preference shares in the company.
If the Government converts the 1.25 billion redeemable convertible cumulative preference shares (RCCPS), which it has proposed to subscribe from Proton, it would become the largest shareholder in the carmaker with a 79% stake.
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