Caixin
M&A

Automaker Proton Seeks Foreign Partner as Report Points to Geely

By Zheng Lichun and Coco Feng
Geely Automobile Holdings Ltd. is among the companies bidding to make a strategic investment in Malaysian automaker Proton Holdings Berhad, according to a report in Malaysian newspaper The Star. Photo: IC
Geely Automobile Holdings Ltd. is among the companies bidding to make a strategic investment in Malaysian automaker Proton Holdings Berhad, according to a report in Malaysian newspaper The Star. Photo: IC

(Bejing) — Malaysian automaker Proton Holdings Berhad said it is selecting a foreign strategic partner to revitalize the company, as media reported one suitor was Geely, a leading Chinese player.

Proton, together with owner DRB-Hicom, is in the process of identifying the ideal partner, and will announce the result by the end of June, DRB-Hicom said in a statement on Wednesday.

You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright ©2017 Caixin Global Limited. All Rights Reserved.