ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

China's Geely hints at withdrawal from Malaysian automaker bid

Deal 'may not be reached,' says chairman of parent company

YUSHO CHO, Nikkei staff writer | China

BEIJING -- China's Geely Automobile Holdings may step back from negotiations for a partnership and investment in Malaysian carmaker Proton Holdings.

"Although we have contemplated and studied the deal, the anticipated outcome may not be reached," Chairman Li Shufu of Geely's parent company, Zhejiang Geely Holding Group, told the Nikkei on Monday. Li is in Beijing for the Chinese People's Political Consultative Conference, in which he serves as a committee member.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more