Global brand: What Proton needs is a foreign takeover that can help it transform into a global brand, according to an analyst.
PETALING JAYA: DRB-Hicom Bhd
set tongues wagging last week when news came out that it was considering selling off its entire stake in national carmaker Proton Holdings Bhd to external investors.
The news clearly piqued investor interest, which resulted in the company’s shares hitting a seven-month high last Monday. The stock peaked at RM1.24 per share before paring down the gains to close at RM1.16.
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