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Geely to get operating control of Proton under stake-purchase deal

Besides 49.9% of Proton, the Chinese carmaker will also acquire 51% of Lotus Advance Technologies

Present at the signing ceremony on Wednesday were (from left) Khalid Abdol Rahman, DRB-Hicom group director, corp strategy planning and business development, Mr Syed Faisal, Mr Johari, Mr Li and Victor Yang, Geely VP, international business.

Kuala Lumpur

IN a bid to salvage the country's first national car Proton, Malaysia's DRB-Hicom Bhd has agreed to sell 49.9 per cent of Proton Holdings Bhd to China's Zhejiang Geely Holding Group Co and to give the Chinese carmaker management and operating control over Proton.


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