Malaysia says no bailout for carmaker Proton

Newswire

PUTRAJAYA, Malaysia, May 22 (Reuters) - The Malaysian government will not bail out ailing state-controlled carmaker Proton Holdings, and is still seeking a strategic partner for it, Second Finance Minister Nor Mohamed Yakcop said on Tuesday. Nor Mohamed declined to say to whom the government was talking about a possible tie-up with Proton , but added that there was no new deadline to complete talks. "Proton needs some restructuring in terms of equity, technical partner etc. We think we ...

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