Malaysia's Proton to get $455 million financing from China Construction Bank

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Malaysia's national carmaker Proton has secured 1.88 billion ringgit ($455....

FILE PHOTO: A Proton logo on a car at a Proton showroom in Puchong, Malaysia October 3, 2016. REUTERS/Edgar Su

The loans are earmarked for Proton’s growth plans to be the number one automotive brand in Malaysia and number three in ASEAN by 2027, the company said. In August, Zhejiang Geely Holding Group Co Ltd which owns 49.9 percent of Proton, had agreed to extend its existing partnership with the carmaker to upgrade its line-up of cars and help expand Proton’s presence in China and other international markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ahmadaimanazlan Jual negara is it?

Why? What is special about these cars?

金権政治経済はお持ち返り咲きさせた日本の排斥する天皇が中国に小手先に菊よ手府よ何もない何もあるのが金のホトトギス

Everyone wants financing. Esp if u have a great idea & needs a boost. No shame in that. Success comes to those who started w a great idea. Let’s do it Malaysia! 🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾

Why? Most likely Chinese are holding reasonable chunk of share in that company 🙄

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Caterpillar slips as disappointing construction sales point to China weaknessCaterpillar Inc spooked investors for a second straight quarter on Wednesday wit... Ominous
Source: Reuters - 🏆 2. / 97 Read more »

U.S. offers $10 million reward for information to disrupt Hezbollah financesThe United States on Monday offered a reward of up to $10 million for informatio... ☄☄ 📰| The harvest of Is|lamic state news in Iraq Wil|ayah from 14-17 Sha'ban 1440H 🔺 EarthDay 🔺 BBMAsTopSocial 🔺 All intolerance group shall be controlled How about a reward for corrupt politicians in the USA that is what needs to be fixed first.
Source: Reuters - 🏆 2. / 97 Read more »

In nod to debt concerns, China Belt and Road summit to urge sustainable financingWorld leaders meeting in Beijing this week for a summit on China's Belt and... Money is fake Iam only news this nothing west badi west box Raising crypto-securities in an unregulated market is not secure financing. It only indicates thst the CCP are the ones campaigning for nationalist in Cappie’s elections, and likely brought Putin to power in the first place🙄
Source: Reuters - 🏆 2. / 97 Read more »

China reportedly uses satellites built and financed by US companies to connect military operationsChina makes use of nine satellites in orbit around the Earth, built by American companies, to boost government capabilities, the WSJ reported. But it’s the Russians! Right?!?! So in other words at any time we can disable Chinese satellites? shades of Japan using US scrap iron sold to them back in 40's to make the bombs used at Pearl Harbor
Source: CNBC - 🏆 12. / 72 Read more »

New Orleans high school senior admitted to 115 colleges, gets $3.7 million in scholarshipsAntoinette Love has been accepted to 115 colleges and earned more than $3.7 million in scholarships, International High School of New Orleans said. She sounds smart...but applying to 115 colleges? Not so smart. Awesome. I hope she picks a good college and field. Amazing ...congratulations.
Source: USATODAY - 🏆 100. / 63 Read more »

Venmo Has 40 Million Users, Outnumbering Most Big BanksMore than 40 million individuals used Venmo in the past 12 months, making the digital-money transfer service among the most popular financial apps in the country, owner PayPal Holdings reported in its quarterly results. What’s the median deposit?
Source: WSJ - 🏆 98. / 63 Read more »

Pipeline firm gets $3.3-million fine for worst California oil spill in 25 yearsThe judge issued a fine and penalties against Plains All American Pipeline for a 2015 spill that sent 140,000 gallons of crude oil gushing onto Refugio State Beach in Santa Barbara County. The spill from a corroded pipeline blackened popular beaches for miles, killed wildlife and hurt tourism. Of course 33. All hoax masonic disasters will have a obscure '33' signature. Bad Total hypocrisy man!! Tired of these huge companies not being held accountable. That’s pennies to these companies.
Source: latimes - 🏆 11. / 82 Read more »

Deutsche Bank earnings: 201 million euros for Q1 net profit, up 67% year-on-year
Source: CNBC - 🏆 12. / 72 Read more »

Malaysia to revive 2nd major China-linked projectKUALA LUMPUR, Malaysia (AP) — Malaysia's government said it will resurrect a multibillion-dollar property and transportation project in Kuala Lumpur involving a Chinese state company, calling it a... But we can’t get a wall built here in the states Only because breaking the contract involves a penalty of 5 billion dollars! The Chinese have got them in their debt diplomacy claws. To minimise their pain of being screwed over, China has reduced the project's cost to 11 billion usd from 15billion usd!! Msia at the mercy of China hands with previous govt being conned into lopsided agreement. Excellent.
Source: AP - 🏆 728. / 51 Read more »

Fast track: Indonesia, Malaysia rail projects may give China more dealsIn a rural part of Indonesia's Java island, two orange-clad workers confer ...
Source: Reuters - 🏆 2. / 97 Read more »

China's Stock Market Gets Tired, As Xi Jinping Looks To Be Losing His Housing BattleChina's non-stimulus stimulus is working. But has it peaked? Meanwhile, value investors like the recent decline in A-share pricing.
Source: Forbes - 🏆 394. / 53 Read more »