SCRAP DEAL ALREADY....NO MERGE

i heard will go to 30 sens

maybe we see this time GEELY benefit the most, but dun forget about the future and prospect they will bring to PROTON.

Most important is , DRBHICOM will benefit the most by some 1 ( GEELY) will bare with them this liability ( current ) and some 1 will bring them profit in the future. Some more government also will pay 1.1B to Proton for new R&D.

The best thing is , DRB can get all the lands and buildings from Proton asset. What i want to say is DRBHICOM will benefit the most, secondly Geely and Government the 3rd 1.

drop la.....crashed lo.......stil fly.....

Geely... b4 acquire proton n lotus up frm hkd 10 to 15 now.

down back liao lo.........will see red at the end of the trading day

if MOU is a useless stuff y still want to sign MOU ? HAHA......

cn21 Cornerstone : read the news report just now ... definitive agreement will only be signed in july... means they are just signing something like an MOU now... nothing is concrete till actual agreement is signed.. no wonder the news report doesn't mention anything on the price tag ...

Dont forget Geely acquisition is subject to Capital Control............As long as HSR is not awarded and Bandar Malaysia is not resolved... do you think China authority will approve??

Think about it why NO "definitive agreement".... just MOU.....

China is NOT "idiot".... they should have learned from BM deal...
24/05/2017 15:21

last is 1.1b lo

ivankvs Minister words, jangan believe 100% la. . ^_^

Johari also said there would be no more "subsidy" for Proton from now on
24/05/2017 15:14

come on.....i am waiting u at 5.00

sold still able get reimburse

http://www.thestar.com.my/business/business-news/2017/05/24/govt-to-reimburse-proton-rm1pt1b-as-grant-for-rd/

the news stated , Geely took 51% and Govt pump additional 1.7B.






Geely and Proton to walk down the aisle — sources
TheEdgeWed, May 24, 2017

KUALA LUMPUR: The two-horse race between China’s Geely Automobile Holdings Ltd and France’s Groupe PSA to see who will emerge as the foreign strategic partner (FSP) for Proton Holdings Bhd is nearing its end, with Geely the ultimate winner, according to sources.

DRB-Hicom Bhd requested yesterday to suspend the trading of its shares today, pending the release of a material announcement, which is highly anticipated to be the new FSP. Its shares settled at RM1.68 yesterday, one sen or 0.6% higher, which valued the group at RM3.248 billion.

The counter jumped to a two-year high of RM1.82 last Wednesday, immediately after Prime Minister Datuk Seri Najib Razak’s visit to China. Citing sources, The Edge Malaysia reported in its May 15-May 21 publication that Malaysian business tycoon Tan Sri Syed Mokhtar al-Bukhary, who controls DRB-Hicom, also visited China during the period.

It is understood that under the deal, DRB-Hicom will give away a controlling stake in Proton, with Geely possibly ending up with a simple majority of 51% in the ailing national carmaker. This contradicts Proton’s previous statement that the majority stake will remain with a local partner.

But even if Groupe PSA is chosen, it is understood that the French carmaker would also want a controlling ownership. Regardless, some quarters have speculated that Geely may allow Proton to retain much of its operational independence, given the way it handled its takeover of Volvo from Ford Motor Co back in 2010.

Reports on who would “marry” Proton have been mixed so far. Geely was at one time said to be out of the race after Geely president An Conghui said in March that the group has withdrawn its bid to acquire an equity stake in Proton, though DRB-Hicom announced all bids were still being evaluated at the time.

Groupe PSA losing out, however, would not come as a surprise, as the absence of Groupe PSA’s anticipated strategic partnership deal with Proton during French President Francois Hollande’s official visit to Malaysia back in April was a rather strong hint that they would be out of the picture.

Proton is supposed to announce an FSP before June this year to support its turnaround plan — a condition set by the Malaysian government before it gave Proton a RM1.25 billion loan back in 2016. Moreover, sources told The Edge Malaysia that the government had agreed to pump in an additional RM1.7 billion into the company.

Pundits believe the right FSP is key for Proton to turn around, and to mitigate the immediate impact of losses on DRB-Hicom. In DRB-Hicom’s financial year ended March 31, 2016, Proton registered RM1.426 billion in net losses.

Performance-wise, Proton has for the first time fallen to the fourth place in terms of market share in Malaysia in the first four months of this year, at 13.4%, lagging behind Perodua, Honda and Toyota.

Proton sales fell month-on-month for four consecutive months. From 7,207 units in January, it dipped to 6,099 in February, 6,070 in March and 5,600 in April, despite the introduction of three new models in the market last month.

The FSP is one of the few ways — if not the only one — for Proton to survive without acquiring more debt. Most of the first of the RM1.25 billion loan it obtained from the government was immediately used to pay the huge sums it owed its vendors. And Proton still has an upcoming RM260 million repayment due on its RM840 million Islamic medium-term notes this year.

The Proton saga is one that will be closely watched — the government is unlikely to fork out any more money to patch the leaks without facing harsher criticisms.

Meanwhile, the general election looms near, and the long-term future of Proton’s 12,000 employees, together with another 50,000 employed by its vendors, will need to be carefully managed.

Proton get another RM 1 .7 bil new loan

or

Proton get RM 1.7 - 1.25 = 450 mil ??


www.klsescreener.com/v2/news/view/235219

http://www.klsescreener.com/v2/news/view/235219

1 day proton x jual 1 day drb still in red !!!!!!!!!!!!



ivankvs vegebotak , pls share ur taught

RIDICULOUS !!!



ivankvs My fund manager just told me. DRB will release a good result end of this May'17 compared with last year,same period. 100% sure . Let us watch out.

Will this good news send DRB > RM2.00 ? ^_^

Private will win Gov.

Smaller stake will do for Iwc-Crec

THIS goldentriangle, SHOUT SELL FRM 4.9X,

HE SOLD OUT DY THEN SHOUT SELL HERE N THERE.....

U WANT UTG VELI EASY NIA, IF HE SAID SELL , U BUY .....SIMPLE....

Sold all.... useless

gg

GG

I M IN AGAIN...HI ALL....

Yessssssssssssss, WE

distribution mode la....this ctr GG aldy

gd result

HUGE GAIN FRM AAX

distribution mode.... 1.00 in making

haha....distribution mode.... 1.00 lai lai lai

wait 1.00 guys.... wait... dun enter

PN17 , GN3 COUNTER... BECAREFULL

I WAIT 1.00

told u all b4 mah.....DISTRIBUTION...... but some 1 call me SOHAI DISTRIBUTION..... where is tat fellor so called " Performer" ?

DISTRIBUTION !!!!!!!!!!!

distribution.....................

DISTRIBUTION !!!!!!!!!!!!!!!!!!!!!

distribution.................. aldy told last few days ago, cabut la , go trc better

Distribution

U r so hai , ask people jump into well.

Wont la.... DISTRIBUTION TIME.....

sell la, still hav many other stock to buy 1.....

this 1 no chance to up liao 1....

dun waste time n money over here guyz

wont la....as per predicted.... nothing special... tomorrow sell on news...

1 word DROP

project possible loss to china based company........

bye bye.....distribution started

project possible loss to china based company........

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5041365

Dreaming

Wont announced la.... govt no money

Buaya buaya

.......


Ikan yu....

LuckyG , Cytew,

Dun question me on insider news.

If u dun believe u just hold lo. No 1 can paksa.

Sometime , with gd news , price also won't up. As simple as tat , u think all investor stupid meh ? After annoucement then go in.

Here I think majority had bot and believe Gamuda can get the bumper contract.

What so special wo ?

Later down again....