DRB-Hicom free to redevelop Proton land
Ho Chung Teng | 06 Oct 2017 00:30

DRB-Hicom Bhd is free to sell its 101.17ha in Shah Alam, valued at some RM3.26 bil.

The land, which houses national carmaker Perusahaan Otomobil Nasional Sdn Bhd’s (PONSB) assembly plant, was earlier thought to have restrictions on it, meaning it could not be used for any other purpose apart from automotive manufacturing activities.

“It’s a freehold [plot] and it’s ours,” DRB-Hicom’s group managing director Datuk Seri Syed Faisal Albar Syed Albar tells FocusM.

However, he says DRB-Hicom, Proton Holdings Bhd's (Proton) parent company, does not have any immediate plans for the land “although there are a lot of things that can be done with it”.

“We have not gone to the drawing board because Proton will only relocate in five years,” Syed Faisal says.