While the government no longer holds any direct interest in Proton Holdings Bhd, Finance Minister II Johari Abdul Ghani has said it does not wish to see the company suffer the same fate as Perwaja Steel.

The failed iron ore processing project Perwaja came under former premier Dr Mahathir Mohamad’s administration.

In an interview with Malay-daily Utusan Malaysia’s Sunday edition Mingguan, Johari pointed out that Perwaja had eventually ceased operations despite various forms of assistance given.