Wednesday, September 15, 2010

Syed Mokhtar's DRB getting Proton?

Updated,

1. Syed Mokhtar's DRB-Hicom defers Proton stake plan
by Business Times
2. Proton not anxious to merge: Dr M by Business Times

Original article:
Syed Mokhtar al-Bukhary is n the news again. According to business news portal Taikors and Taikuns, which named him their Taikor of the Month, he's going to be new owner of Proton, which owns Lotus (pics above). And Proton's Syed Zainal doesn't know it yet? Sounds fantastic, the last time some of us met Syed Zainal, he said things at Proton were starting to really happen.
Something for the MSM to pursue ...

Private Eye‎ > ‎

Proton Folds into DRB

Our very own private eye!
Information posted on this page are collected from opinion pieces sent to us. To find out more, visit us more often and you might just get the scoop that you have waited for!

Tnt.net.my

PROTON TO BE FOLDED INTO DRB HICOM

GOVERNMENT THROWS IN THE TOWEL, FORMS MALAYSIA’S LARGEST AUTOMOTIVE GROUP AND PARKS LOTUS UNDER THE DRB STABLE

The nod has been given for DRB Hicom Bhd to take over the embattled national car company, Proton Hioldings Bhd, marking the end of several failed attempts to bring in a global automotive partner to arrest Proton’s declining market share at home and its miniscule exports abroad.

In a rare case of a component supplier making a successful buyout bid for its car manufacturer client, DRB Hicom together with several ex-Proton managers had formally submitted a bid to buy 32 per cent of Proton in September 2009.

Since then, behind-the-scenes negotiations have been held on-and-off, without the involvement of Khazanah Nasional Berhad or Proton management.

Proton group managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir is reportedly still unaware of the deal having been concluded, though sources say he is likely to keep his job, while reporting to a new boss, DRB Hicom group managing director Datuk Seri Mohd Kamil Jamil.
Read More H E R E.

34 comments:

Anonymous said...

why must MSM do a follow up? We are ONLY good at PROCESSING press release. Rocky, can you PLEASE get DRB to confirm the STORY and POST it on your website, so WE in the MSM can then PROCESS it without any FEAR? hheheheh kekeke whwhwhw eeewweeeekekek


Nazi Bhoy

Skilgannon1066 said...

DRB Hicom is not a Geely! It never was and chances are it will never be!

If Khazanah and the govt were at all serious about transparency and good governance, they should have put up the stake in Proton for sale by open tender, open to local and international companies.

Or are they still fixated on the idea of a national automotive champion?

This in a world where Volvo is taken over by a Chinese company and Jaguar and Land Rover belong to an Indian company!

It seems that the erzatz nationalism peddled by the likes of Tun Dr Mahathir still hold sway amongst the movers and shakers in Putrajaya! Not that it did Malaysia any good, seeing as how Volkswagen backed away from an alliance with Proton!

Anonymous said...

Do you want to know who the murdering lawyers of Datuk Sosilwati + 3 others + 5 more are ?

1. Pathmanabhan a/l Nalliannen
2. Surendren a/l Nalliannen

Check it out at the Bar Council website under Disciplnary Orders for Nov 2009

Justice 4 Victims of the Murdering Lawyers

Anonymous said...

Apa beza pun DRB beli Proton? So what? Proton is still a Proton? Those jokers in Khazanah will still be in Khazanah. So, no impact to the public. Yg buat duit will always be the advisers/brokers/consultants. Rakyat Malaysia will still suffer have to pay for expensive car for the rest of our life.

Anonymous said...

Berapa juta agaknya Tan Sri SM bayar untuk dapatkan DRB?

DNL said...

bro would you do a favour commenting on this shallow video ... ahahah wanna see ur perpective pulak ...

http://www.youtube.com/watch?v=5Lyosnuqua4&feature=related

Anonymous said...

Datuk,

Think Proton will be better off with NAZA, the NAZA bros have better 'pengalaman' and connection in motor/vehicle trade than Syed Mokhtar's Datuk 54 (of the Sultan Johor murka dengan duit raya RM 1 juta).

But of course, Syed Mokhtar has better connection...

Anonymous said...

What ever the decision made, pls dont do it with the sole idea of creating a big conglomerate. Forgotten abt Sime Darby ??

Anonymous said...

What ever the decision made, pls dont do it with the sole idea of creating a big conglomerate. Forgotten abt Sime Darby ??

Anonymous said...

This is no news lah.
Its a 'Malay' property going back to another 'Malay' concern, while the earlier guys operating it have benefitted from the 'sudden' opportunity given by the NEP.

A classic way how the Malay turned Indian MBBS fellow made people scavange an instititution for many years while he pocketed the cream for himslef and his family.

It would be GREAT news (full of protests too by PERKASA) if this company was 'gifted' to Vincent Tan.

Now, we only see, greedy Malays clamouring for such companies to Ali Baba it out to others for a fee.

What better business skills do these buggers actually have over the Ali Babas?

The real Malays (honest, willing to work hard and match the skills of the non-Malays through the halal way) are still spectators in their own country... witnessing more opportunities slip away from them. All because of the greeedy buggers who do not know when to stop.

PARAMESWARA

Zarinah SC said...

Rocky,

Macamana saudara dapat info ini? Ini adalah insider trading, awak akan di dakwa oleh kaki2 saya di SC. Saya akan panggil awak mengadap minggu ini juga. Awak ingat awak boleh suka2 mengeluarkan cerita2 sensasi sebegini. Ini kerja SC. Tangkap orang macam awak. Saya tak mahu Azman Mokhtar dan rakan2 MCOBAnya menunding jari kepada saya nanti. Saya kena ler jaga reputasi saya dan SC.

Anonymous said...

Apa yang tamak sangat Syed Mokhtar ini, Lebuhraya nak beli, Proton nak beli, tapi syarikat-syarikat sedia ada masih tak maju-maju.

Tak ada apa-apa yang boleh dibanggakan,

MMC lah ni bermasalah (nasib baik ada PTP dan Tanjung Bin- itu pun nak bersandiwara dan biadap dengan Tuanku Sultan Johor)

Pernas (Tradewinds) makin mundur dok berniaga atas angin - Tanah-tanah murah beribu ekar yang kerajaan Johor kasi, dah nak habis dijual dengan harga mahal.

Bernas - nasib baik orang makan beras, kalau tak dah lama bungkus.

sama dengan Gas Malaysia, nasib baik orang-orang kena masak, kalau semua pakai micro-wave..punah company.

Zelan - share pun tinggal berapa sen.

Bank Muamalat - adalah bank yang paling tidak maju di Malaysia, tak ada apa produk pun.

Tolonglah Syed Mokhtar, perbetul dulu syarikat-syarikat yang ada. Tolong jangan malukan Tun Dr. M. Penat orang tua tu bantu. Berbual/bermimpi berjam-jam kat kedai kopi tak akan maju company.

Anonymous said...

Middleman?=Big money?

George Choo said...

Rockey,Proton failed because its manufacturing cost are high due to the directive given to it by the corrupts in the govt where Proton can only buy its spare parts from a certain suppliers only.This resulted in high manufacturing cost where only a high selling price can cover and as a result Proton cannot compete in the open market.For example,Proton must buy its power steering rack and radiator from 2 suppliers only because certain top officials of the govt is either a shareholder of the supplier or they are receiving kickback from the supplier. Hopefully,with DRB in the picture all this corruption will be removed and I am sure PROTON will be competitive.

Anonymous said...

Proton is Mahathir pet project and when you are humping on your own race you can't go far. Didn't I read this in LKY interview with NY times?

Anonymous said...

And thousand of acre land at Kedah? Cheap rubber tree land only 6K per acre?

cikguaziz.blogspot.com said...

siapa saja leader-nya..apa yang diharapkan adalah peningkatan dan perubahan yang positif..

http://cikguaziz.blogspot.com/

Anonymous said...

tak pe lah... dia banyak duit pon pergi ke kebajikan...moga bertambah ramai orang islam jadi billionaire..

hack hack said...

Personally we should encourage Syed to take over Proton. What we need is a really change in Proton.

hack hack said...

Syed Mokhtar has the brain to bring Proton to the great lenght.

Anonymous said...

as is usual in bolehland, the biggest beneficiaries are a crony SM and foreigners Volkswagen with the people of malaysia being screwed once again.

make some value judgements rocky....leave the mere statement of intent to the junior bloggers

jay

Anonymous said...

As usual the immigrants that can't speak decent Bahasa Melayu will cry foul..

Skilgannon1066 said...

Hmm...now DRB has denied this. The scoop being scooped by reality?

Or has Volkswagen persuaded DRB to concentrate on assembling VW cars for the time being?

Push comes to shove, the govt will have to divest Proton, the sensitivities of Dr Mahathir notwithstanding. If the Brits can let go of Mini, Land Rover, Jaguar, Bentley and Rolls-Royce to foreign buyers, what's a pipsqueak Proton gonna do?

It's not as if Proton has any revolutionary technology that it's rivals would salivate over.

Anonymous said...

Alhamdulillah, siapa cakap Melayu tak boleh maju. sekarang ini, Syed Mokhtar telah menguasai pasaran beras, gula, pelabuhan, pengeluaran letrik..tidak lama lagi, dia akan menguasai lebuhraya, dan pengeluaran kereta.

Kita orang Melayu patut berbangga, anak didik TDM berjaya menguasai ekonomi Malaysia.

Kita perlu menyokong beliau, dengan cara itu ekonomi Malaysia terus dikuasai orang Melayu.

Syed Mokhtar dengan tunjuk ajar TDM akan terus memastikan Melayu terus terbela.

Anonymous said...

Kita orang melayu patut memberi sokongan kepada Y.Bhg. Tan Sri Syed Mokhtar didalam memastikan orang-orang Melayu terus relevan dan menguasai ekonomi Malaysia selaras dengan agenda YABhg. Tun Dr. Mahathir.

Kita patut sokong rancangan Tan Sri Syed Mokhtar untuk mengambil alih Proton, dan menjadikan DRB sebuah syarikat gergasi didalam pengeluaran kereta.

Kita juga patut menyarankan Y.Bhg. Tan Sri untuk mengambil alih Sime Darby melalui syarikat beliau Tradewinds, ini akan membolehkan Y.Bhg. Tan Sri menguasai sektor perladangan dan harta tanah negara.

Dengan orang Melayu menguasai kesemua sektor-sektor ekonomi negara. Ini akan mem-PERKASA-kan bangsa kita,

Kita perlu bersama-sama YABhg Tun, Y.Bhg. Tan Sri didalam usaha kita untuk menjadikan orang-orang Melayu berjaya didalam segala bidang dan tidak ditindas di negara sendiri.

Anonymous said...

Salam to all,
Good move and I beleive Proton can be world class with Syed Zainal and Mokhtar steering it. Ignore those stupid rasict remarks. Congratulation DRB/Proton.
Rozi66

Anonymous said...

SM via DRB will try to work out a partnership with VW ie 45(DRB)/55(VW).Of course, VW will be controlling stake to transfer technologies(this is how they will spin the deal).

Following up, via another company. DRB will take over Proton ie % 50%(DRB)/ 40% (Proton/govt)& 10%(SM). No alarm rang as all in within Malaysian ownership.

Of course, the internal understanding is that the majority share owner i.e. DRB will let WV does all the work and directions.

Yes, Proton may get better quality parts but all is still going through the mill. Obviously we wont be getting any cheaper national cars. Tough luck Malaysians!

Kunte Kinte

Seolferwulf said...

Anon 6:11 PM

And the conclusions of your erudite analysis are what, precisely?

But that would be too easy, wouldn't it?

So, pray tell us what is it people like Syed Mokhtar or Halim Saad or Tajudin Ramli or the guy who got the original contract to build offshore patrol vessels for the Navy have achieved?

Skilgannon1066 said...

Amen to that!

If Proton had tied up with Volkswagen, perhaps we could have seen VW's 1.4 TSI turbo-charged engine and 7-speed DSG transmission in a Proton car.

Instead of having to spend big bucks on a VW Golf 1.4 TSI with 7-speed DSG!

When was the last time any Malaysian VVIP or VVVIP rode around in a Proton?

Anonymous said...

hallo fuckhead skilmoron..

sudah2 lah tu dgn krisis identiti tu..typical bangsa pelarian..

schizophrenic chingkie freak hallucinating multiple identities..

look at the above 2 comments..the wordings, the pattern, the typical nick themes..no need for Rocky to verify the IP.. uwekkk..

bodoh sungguh, kantoi lagi

we have eyes on you, moron! Better watch your ass..

:D muhahahaha
-anti hindraf & ultra chingkies-

Anonymous said...

Skillyanon+13,

Why la you? setakat jual Bak kut Teh kat gerai tepi longkang, melalak berjela2.

Seumur hidup sekadar jual KOPI saja pun sampai tua 72taun, dah nak tunjuk pandai, memekik TDM, Najib bodoh, UMNO bodo, nak challange NEGARAWAN..

Kalau Malaysia segalanya Bodoh.. then why the hell are you in Malaysia?

Not welcome elsewhere ker? KESIAN.

hahahaha

PERWIRA




Ceh,

Anonymous said...

I really like SM

He is true malay& muslim..

For those that doesn't know him.. for me he is more than just a milionaire to me.

beliau banyak tolong org melayu susah.
Most of org kampung kalau budak2 nak skolah,org miskin tak mampu nak bayar tuisyen, dia yg tolong.

Aku berterima kasih kpd beliau byk membantu beri tuisyen percuma, yuran skolah, termasuk lah aku dan adik2 aku yg sampai oversea belajar medic.

Aku bangga ada org melayu yg macam beliau.

Hanya tuhan sahaja yang mampu mebalas jasa2 beliau.

CatchAzmanMohtar said...

Now lets see the usual Nazri Razak, Khazanah boys trick.


A GLC which is producing money, like Sime Darby,IJN, Proton. how to make money with no risk?

1. Merger
2. Buy out
3. Go through "proper" paper process i.e use your brother, father in law approval etc..

Steps to execute

1. find banker willing to finance.
2. Find friendly buyer
3. Prepare "paper" to justify
4. Prepare supposedly profits,
synergy!

Voila.. commission of 10% for these buggers.

No difference to the public. But merger fees must be paid to proposer/lawyers/financiers.

Is this a crime of no victim? No so. Many malay executives, directors lost their post.

Giant Sime Darby lost 4 billion.

The proposer keep his hundreds of millions commission!

UMNOtakcompetent said...

kepada anonymous,

SM bukan orang Melayu. Dia orng Yemen.

UMNO bagi dia monopoli beras. Apalah sangat duit tuisyen berbanding kepada jutaan ringgit dia dapat dari monopoli beras?

Sepatutnya lesen beras diberi kepada koperasi melayu supaya keuntungan yang berjuta itu dapat dikongsi bersama bukan hanya setakat duit tuisyen.

Itulah orang Melayu tak tahu kekayaan monopoli gula diberi pada Kuek sampai jadi billionaire terkaya. Monopoli judi bagi pada Goh Tong sampai jadi 20 billionaire. Sepatutnya dulu dijadikan lotteri masyarakat supaya kalau untung judi digunakan untuk kebajikan am. Bukannya semua untung bagi vincent tan.