Dow Jones reports that Malaysia’s national carmaker Perusahaan Otomobil Nasional Bhd., or Proton, has said it has raised its stake in the UK-based sports car and engineering group, Lotus Group International to 95.65% from 80%.
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Dow Jones says Proton now owns 44 million shares in Lotus, up from 8 million shares, following a rights offering by Lotus, Proton said in a brief statement to the Kuala Lumpur Stock Exchange.
Other shareholders in Lotus are ACBN Holdings S.A. with 2 million shares, or a 4.3% stake, and Victor Kiam Min Hon with 1 share, Proton said.
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