Malaysia’s MoF Inc to pump soft loan of $310m into Proton

Minister of Finance Inc (MoF Inc) will inject MYR1.25 billion ($310 million) into national carmaker Proton Holdings Bhd by subscribing to 1.25 billion units of new redeemable convertible cumulative preference shares (RCCPS) issued by the troubled automotive group to raise MYR1.25 billion cash.

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