Which international organization will pay a billion dollar to buy up 51% of a company in Malaysia but with a condition that they will not have equitable control?
Deputy Finance Minister Datuk Dr Awang Adek Hussin said Proton Holdings Bhd will remain in the Government’s control even if 51% of Proton’s manufacturing division is sold to a strategic foreign partner.
Second Finance Minister Tan Sri Nor Mohamed Yakcop had announced on Friday that the Government was in talks with Volkswagen AG (VW) on the possibility of teaming up with Proton Holdings Bhd.
I am not sure Volkswagen is an international fool. But so far, I had not seen a reputable international fool that will accept such terms and conditions as imposed.
Maybe, there is going to be one for the guinese book of record.