Is Proton under DRB Hicom?
DRB-Hicom majors on the automotive sector and is linked with the fortunes of the industry. 35 billion; this was largely due to sales by national automotive company Proton as well as other marques under its umbrella such as Honda, Mitsubishi, Volkswagen, Tata and Isuzu.
Why was Proton sold to Geely?
“Now at least 85 percent of our dealers are in profit,” said Li. Daniel Donghui Li, chief financial officer of Geely and a board member at Proton, said one reason that Proton chose Geely from three rounds of global bidding was that the Chinese carmaker had a unique vision for Proton’s future development.
Is DRB Hicom a GLC company?
But more interestingly, the GLICs also own substantial shares in competitor firms. Eg: Maxis (23.5%) and DiGi (26.3%). Last year, the proposed merger between Axiata and Telenor (owner of DiGi) was called off.
What does Hicom stand for?
Heavy Industries Corporation of Malaysia
HICOM
| Acronym | Definition |
|---|---|
| HICOM | High Technology Communication |
| HICOM | High Commissioner |
| HICOM | Heavy Industries Corporation of Malaysia (now DRB-HICOM Group; Selangor, Malaysia) |
| HICOM | High Command |
When did Geely buy over Proton?
2017
ST Asian Insider: Malaysia Edition Proton drafted a 10-year plan after Chinese auto giant Zhejiang Geely Holding Group bought a stake in it in 2017.
Is Bursa owned by government?
Bursa Malaysia Berhad, an exchange holding company consisting of several subsidiaries, is under the purview of the Securities Commission and the Ministry of Finance.
Who is the leader of Proton?
Li Chunrong (Sep 29, 2017–)
Proton Holdings/CEO
Are Proton cars still sold in Australia?
Proton was operating in Australia under a factory distribution arrangement set up when DRB-Hicom bought a majority stake from the Malaysian government in 2012, however sales of its ageing range including the Exora, Preve and Suprima S have petered out in recent years – from 421 units in 2015 to 38 in 2017 and a …