UPDATE 1-Malaysia's Proton revamps for new foreign partner

Newswire

(Recasts, adds details) By Jalil Hamid KUALA LUMPUR, May 27 (Reuters) - Malaysia's top car maker, Proton , announced plans for a major reorganisation on Tuesday, which some analysts saw as a surprise move to pave the way for a new foreign partner. The state-controlled Proton (Perusahaan Otomobil Nasional Bhd) said it would establish a new investment holding company to take over its listing status, while posting a 1.8 percent rise in earnings in fiscal 2003, beating a market consensus ...

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