The government should consider looking for "white knights" to turn around loss-making government-linked companies (GLCs), argued Segambut MP Lim Lip Eng following Geely Automobile Holdings Ltd's acquisition of a significant stake in Proton Holdings Bhd.

This followed Prime Minister Najib Abdul Razak's statement on Friday suggesting that it is better to have a smaller equity in a company that stands to gain access into bigger markets, economies of scale and cutting-edge technology, as opposed to retaining a loss-making company that is 100 percent Malaysian owned.

While it Najib's logic does appear reasonable, Lim said the same must also be applied to other GLCs.