INSIDER NEWS: Proton May Soon Be Up For Sale!!!

Yet another story involves our national car automaker Proton. With the recent breaking news of Dato’ Lukman Ibrahim resignation as DCEO of Proton, looks like a bigger tidal wave is about to unfold inside Proton.

Based on the information that I have received, looks like Proton will go through another round of MBO (Management Bought Over). The time frame that was indicated for this MBO would be as soon as April this year, most probably after the launch of Proton P2-30A or Proton GSC.

A few names have been mentioned about this MBO, firstly, Khazanah Nasional buying back Proton from DRB, but the sources revealed that the deal has not gone through well. The next name mentioned was Petron Malaysia which rumors said there have been meeting taking place for the discussion for the MBO.

The next name that was mentioned was Kencana. As we can see here, both Petron and Kencana were associated with Datuk Mokhzani Mahathir even tough Datuk Mokhzani has step up mentioning that he does not own Petron Malaysia.

With numerous delays of Proton turnaround plan by Proton top management sparks the fuels that DRB may relinquish its possession of Proton and focus of with this MBO and let the new owners to charts its own Proton turnaround plan.

With the saga may unfold in the next  few months, stay tune for more updates and breaking news at Auto Insider Malaysia.