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Unit Proton gets $384.9 million in conditional soft loan from government

KUALA LUMPUR (NewsRise) -- Malaysia agreed to give DRB-Hicom's unit Proton Holdings a soft loan of 1.5 billion ringgit ($384.9 million) that comes with strict conditions and monitoring by a special panel tasked to turn around the sagging fortunes of the former state-run car maker.

     The aid comes as Proton battles persistent financial losses and shrinking market share in a relatively small, but protected domestic market.

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