KUALA LUMPUR, Jan 28 (Reuters) - Malaysia's largest car maker Proton said on Wednesday it has obtained shareholders' approval for a corporate reorganisation that includes forming a new investment holding company to take over its listing status. Asked when the transfer of the listing status to Proton Holdings would be completed, Proton Chairman Abu Hassan Kendut told reporters: "Hopefully by April."
Under a revamp announced last May, state-controlled Proton announced plans for an investment holding company to take over its listing status.
The formation of a holding firm would free Perusahaan Otomobil Nasional Bhd (Proton) to forge strategic alliances without diluting the government's stake.
Proton shares were flat at 9.05 ringgit by 0320 GMT.