Auto veteran Li Chunrong appointed CEO of Proton manufacturing division

29 Sep 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd and Zhejiang Geely Holding Group (Geely) have named their nominees to the Proton Group boards. Proton Group has nominated Dr Li Chunrong as CEO of Perusahaan Otomobil National Sdn Bhd (PONSB), following the departure of Datuk Ahmad Fuaad Kenali, which takes effect on Sept ...
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Proton targets to be profitable by 2020, eyes EV cars

29 Sep 2017 - The Star Online
KUALA LUMPUR: Proton Holdings Bhd targets to be profitable by 2020 following its tie-up with Chinese carmaker Zhejiang Geely Holding Group and there are plans for the latter to introduce its Euro 6 engines. Proton Holdings Bhd chairman Datuk Seri Syed Faisal said they want to turn Proton around as soon ...
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DRB-Hicom completes stake sale in Proton for RM460m

29 Sep 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd has completed its proposed divestment of 547 million shares or 49.9% stake in Proton Holdings Bhd to Zhejiang Geely Group Holding Co for a sum of RM460.3mil. In a filing with Bursa Malaysia on Friday, DRB-Hicom also announced that Proton has completed its proposed divestment ...
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Proton’s Iranian subsidiary dissolved

20 Sep 2017 - The Star Online
KUALA LUMPUR: Proton Holdings Bhd’s indirect wholly owned subsidiary Proton Motor Pars Co (PMP), set up in Iran in 2011 to engage in car assembly or building of vehicles and relevant accessories and spare parts, has been dissolved without starting any operation. Proton’s parent DRB-Hicom Bhd told Bursa ...
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Ahmad Fuaad to head Malakoff as CEO

18 Sep 2017 - The Star Online
KUALA LUMPUR: Datuk Ahmad Fuaad Mohd Kenali will head independent power producer Malakoff Corporation Bhd as its chief executive officer with effect from Oct 1, 2017. He is currently CEO of Proton Holdings Bhd – a post he has held since April 1, 2016 – and board member of the national car maker until ...
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DRB-Hicom plays down talk of Proton management change

7 Sep 2017 - The Star Online
PETALING JAYA: DRB-Hicom Bhd has played down talk of an impending change in management at Proton Holdings Bhd, saying that the company and its Chinese partner are focused on formulating a “solid business plan” for the national carmaker. “We refer to the various news reports on changes of key personnel ...
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CIMB Research maintains Add for DRB-Hicom, target price RM2.35

28 Aug 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining its Add call for DRB-Hicom and unchanged sum-of-part based target price of RM2.35. Its last traded price was RM1.59. It said on Monday narrowing losses by Proton and higher-than-expected profit contribution from the services division are potential re-rating ...
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DRB-Hicom narrows its loss due to better Proton, Pos M'sia results

25 Aug 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd cut its net loss by 27% year-on-year to RM101.35mil for its first financial quarter (Q1) ended June 30, thanks to lower losses by subsidiary Proton Holdings Bhd and a higher profit contribution from Pos Malaysia Bhd. However, loss attributable to DRB-Hicom’s owners was little ...
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DRB-Hicom’s ‘boutique’ project aborted

24 Aug 2017 - The Star Online
PETALING JAYA: DRB-Hicom Bhd’s plan to develop a high-end boutique luxury mixed-development project in Langkawi’s Rebak Island has hit a snag. The company, which owns and operates the Rebak Island Marina Resort on the island, failed to get the Kedah government’s approval to change the status of 134.76ha ...
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DRB-Hicom’s proposed luxury property project in Langkawi hits snag

23 Aug 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd’s plan to develop high-end boutique luxury mixed development project in Langkawi’s Rebak Besar Island has hit a snag. The conglomerate, which already owns and operates the Rebak Island Marina Resort on the 141.7ha island, failed to get the Kedah government’s approval to change ...
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