DRB-HICOM HAS NOT DECIDED ON SELLING LOTUS
KUALA LUMPUR, 21 April 2012 – Following numerous reports in the media on Lotus Group International Limited (Lotus Group), a wholly-owned subsidiary of PROTON Holdings Berhad (PROTON), DRB-HICOM Berhad (DRB-HICOM) as the new owner of PROTON would like to clarify some important matters.
DRB-HICOM is currently undertaking an operations audit on Lotus Group, as part of its governance exercise. Contrary to reports that Lotus Group would be put under administration, DRB-HICOM is still supporting Lotus Group, both financially and management wise.
DRB-HICOM has not decided to sell Lotus Group and do not know the source of the speculation about selling Lotus Group to a Chinese party i.e Youngman. As of today, DRB-HICOM has identified one of PROTON’s Senior Management personnel to take up a position in Lotus Group in an effort to strengthen its management.
Source: EVO – Inside Lotus
Discussion: SELOC Chat – DRB-Hicom “Has not decided to sell Lotus Group”