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Pua: Don't let Proton sale become bailout for 'loss-making' DRB-Hicom

Published:  |  Modified:

Petaling Jaya Utara MP Tony Pua has expressed support for Prime Minister Najib Abdul Razak's opinion that the government should not be retaining a "loss-making company", in regards to the sale of 49.9 percent of Proton to China carmaker Geely.

However, Pua said as the government had already disposed 100 percent of Proton, the government-linked company DRB-Hicom Bhd in 2012, a different question should be asked instead.

"Najib is absolutely right to ask the question, 'will you retain a loss-making company?', in a pointed justification for the sale of Proton.

"(But) the question Malaysians are asking the prime minister is why are we allowing DRB-Hicom to benefit billions of ringgit by helping them dispose half of their loss-making company, Proton?" Pua asked in a statement today...

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