Owner of Malaysia’s Proton shortlists 5 bids for equity sale
KUALA LUMPUR, Malaysia — The owner of Malaysian national carmaker Proton said Wednesday it has shortlisted five potential foreign partners for a tie-up that includes an equity sale aimed at reviving the loss-making company. Syed Faisal Albar Syed Ali Rethza Albar, managing director of conglomerate DRB-Hicom, says it will remain a “substantial” shareholder of Proton