Malaysia's Proton announces reorganisation plan

Newswire

KUALA LUMPUR, May 27 (Reuters) - Malaysia's top carmaker Perusahaan Otomobil Nasional Bhd announced plans for a major reorganisation on Tuesday, while posting a 1.8 percent rise in earnings in fiscal 2003, beating a market consensus forecast. The state-controlled maker of Proton cars said in a statement it would establish a new investment holding company to take over its listing status. "The proposed group reorganisation represents a strategic step forward to transform Proton from a ...

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