Proton gains on renewed VW cooperation talk

Newswire

KUALA LUMPUR, May 27 (Reuters) - Shares of Malaysian automaker Proton rose 14 sen to 4.58 ringit by 0106GMT on is set to announce a possible tie-up with Germany's Volksawagen AG. The wider market rose 0.09 percent. Proton's chairman said on Tuesday that there would be an announcement in the next two weeks but did not specify what that would be and noted that Proton did not need to form a tie-up. [ID:nSGE64Q002] "Hence, we do not rule out that for the time being, the anticipated tie-up ...

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