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Putrajaya in cash-for-shares deal with Proton

It will inject RM1.25b into carmaker in exchange for 1.25b redeemable convertible cumulative preference shares

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In a few years, the Malaysian government could come full circle with carmaker Proton Holdings Bhd (PHB).

Kuala Lumpur

IN a few years, the Malaysian government could come full circle with carmaker Proton Holdings Bhd (PHB).

Under a conditional share subscription agreement, Putrajaya will inject RM1.25 billion (S$417 million) cash into the ailing car manufacturer - currently owned by

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