Malaysian national investment agency Khazanah Nasional Bhd is rejecting an offer to buy the shares in Perusahaan Otomobil Nasional Bhd (Proton) held by Mitsubishi Corp. and Mitsubishi Motors Corp. Mitsubishi and Mitsubishi Motors had offered to sell their combined 15.8% holding in Proton to Khazanah, but Khazanah Managing Director Anwar Aji says it is "not part of our equation" to have a bigger stake in the local auto maker. If Khazanah had accepted, the national investment ...

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