UPDATE 2-Malaysia's Sime says no plans to take Proton stake

Newswire

(Adds quotes) KUALA LUMPUR, Oct 25 (Reuters) - Malaysian conglomerate Sime Darby has no immediate plans to buy a stake in national car maker Proton Holdings Bhd , Chief Executive Ahmad Zubir Murshid said on Tuesday. "There are no plans currently to take up a stake in Proton," Zubir told reporters after an annual shareholders' meeting. Domestic media have speculated the conglomerate aimed to buy a stake in the state-controlled car maker. "We have been involved in assembling and ...

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