Friday, September 11, 2009
Two prominent companies will try to take over Proton.
IN an attempt to salvage the good name of Malaysia's automobile giant Proton, two companies Yasmin Holdings and Naza Holdings are teaming up to buy over Khazanah Holdings' majority shares in Proton to make them have a say on how the company is to be managed.
The majority stake is to ensure a say and to save Proton from further sliding into the industrial abyss.
Sources say Yasmin Holdings vice chairman, Datuk Kisai Rahmat, is instrumental in the venture and possibly with the blessing of former Prime Minister Tun Dr Mahathir Mohamad, who is said to be not happy with how Malaysia's premier auto giant is being managed.
Kisai was personally picked by Tun Dr Mahathir Mohamad when he was the prime minister, to take charge of Proton at its infabct stage until Proton was butchered by the following administration.
It was also learn that billionaire Mokhtar Albukhary is also in the running of trying to gain control of a majority share in Proton.
Industry sources agree that after the previous administration of Dollah Badawi, a lot of healing process has to be conducted and one is to revive Proton by the right people.
"Currently Proton is managed by a bunch of hypocrites with no balls, " said a source.
Posted by Pasquale at 1:46 PM