UPDATE 1-Singapore govt fund buys 5 pct of Malaysia's Proton


(Adds details, background on GIC, Singapore investments) By Jalil Hamid KUALA LUMPUR, Nov 24 (Reuters) - The Singapore government has bought a 5 percent stake in Malaysian state-controlled car maker Proton Holdings Bhd. in a deal worth about $65 million, extending a series of cross-border investments. The purchase by the Government of Singapore Investment Corp. Pte Ltd. (GIC), a state investment firm that manages Singapore's foreign reserves, marked its first stake in Malaysia's ...

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