Proton City ( Malay : Bandar raya Proton ) is a township with industrial, commercial and residential activities spread over 4,000 acres (16 km) in Muallim District , Perak , Malaysia . It houses the RM 1.8 million Proton car assembly plant.
16-463: Proton City aimed to be fully developed by 2020. Undertaken by Proton City Development Corp, a joint venture between DRB-HICOM and Proton itself. A core member of Proton Holdings, it started in 1996 with an initial investment of RM250,000, beginning with the construction of the Proton plant. The Proton plant has a workforce of more than 2,000 and most of them are expected to live in the area. When Proton City
32-461: A significant presence in the defence industry. Through DRB-HICOM Defence Technologies , it designs, develops, manufactures and supplies armoured and logistics vehicles for military and homeland security use. It supplies mainly to the Government of Malaysia. HICOM was incorporated on 11 March 1910 under The Companies Enactment 1897 as The New Serendah Rubber Company Limited . The name of the company
48-607: Is also expected to be home to students and staff of the Sultan Idris Education University (UPSI), which a few years ago was known as Sultan Idris Teachers' College. UPSI, occupying 800 acres (3.2 km) within Proton City, is expected to have a student population of 20,000 within four years. 3°44′27″N 101°30′24″E / 3.7407157°N 101.5065777°E / 3.7407157; 101.5065777 DRB-HICOM DRB-HICOM Berhad ( MYX : 1619 )
64-401: Is one of Malaysia 's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton , with China's Zhejiang Geely Holding Group
80-694: Is the stock exchange in Malaysia . It is one of the largest bourses in ASEAN . It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It provides full integration of transactions, offering a wide range of currency exchange and related services, including trading, settlement, clearing and savings services. Along with the Securities Commission of Malaysia ,
96-592: The Malayan Stock Exchange was formed and public trading started on 9 May that year. In 1961, a board system was introduced in two trading places, one in Singapore and one in Kuala Lumpur. The two trading rooms were linked by direct telephone lines into a single market with the same stocks and shares listed at a single set of prices on both boards. The Malaysian Stock Exchange was formally formed in 1964, and in
112-784: The following year, with the separation of Singapore from Malaysia , the stock exchange continued to function under the Malaysian and Singapore Stock Exchange (MSSE). In 1973, with the termination of currency interchangeability between Malaysia and Singapore, the SEMS was separated into the Kuala Lumpur Stock Exchange Bhd (KLSEB) and the Stock Exchange of Singapore (SES). Malaysian companies continued to be listed on SES and vice versa. A new company limited by guarantee, The Kuala Lumpur Stock Exchange (KLSE) took over operations of KLSEB as
128-644: The following year. In 1996, both companies merged to form the biggest conglomerate in Malaysia. DRB-HICOM was listed on the Main Board of the KLSE on 4 September 1992 and assumed its present name on 11 May 2000. Within the manufacturing capabilities of DRB-HICOM is CTRM , a specialist composites products manufacturer, and counts Airbus , Boeing and Learjet as their aviation customers. The plant in Melaka houses 12 autoclaves,
144-575: The largest number of autoclaves in a facility in ASEAN . On 8 March 2018, the Group announced a major shift in the direction of their property sector. In a cash plus land swap deal with companies owned by their majority shareholder, DRB-HICOM announced the sale of several plots of land and all its hospitality assets. This shift will see DRB-HICOM exiting the hospitality industry with the sale of Glenmarie Golf & Country Club , Holiday Inn Glenmarie KL and Vivanta by Taj at Rebak Island Marina . This transaction
160-532: The other shareholder since an equity sale in 2017. The Group also owns national motorcycle company Modenas , with Japanese two-wheeler giant Kawasaki as its partner. DRB-HICOM assembles cars in Malaysia for Tata Motors , Honda , Isuzu , Mercedes-Benz and Volkswagen , with plans for expansion. The Group also retails various brands such Audi (via Euromobil Sdn Bhd), Mitsubishi (via EON Auto Mart Sdn Bhd) and Volkswagen (via HICOM Auto Sdn Bhd). Besides automotive concerns, DRB-HICOM's core business focuses are in
176-481: The services (postal, banking, vehicle inspections) and property & infrastructure sectors. These are conducted via several companies such as Pos Malaysia , Bank Muamalat , and Puspakom . It is also the owner of two education institutions, namely DRB-HICOM University of Automotive Malaysia and Akademi Saga in Pekan, Pahang . The latter is a vocational training centre that produces trained mechanics. The Group also has
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#1732884857005192-635: The stock exchange regulates the capital market in Malaysia and, through its facilities, upholds the duty to manage and maintain order in the trading of stocks, bonds and derivatives. Bursa Malaysia was established in 1930, when the Singapore Stockbrokers Association became an official organization of securities in Malaya . In 1937, it was re-registered as the Stockbrokers' Association of Malaya, but it still did not trade public shares. In 1960,
208-409: The stock exchange. In 1994, it was renamed Kuala Lumpur Stock Exchange. It also fully suspended the trading of CLOB (Central Limit Order Book) counters, indefinitely freezing approximately US$ 4.47 billion worth of shares and affecting 172,000 investors, most of them Singaporeans. Kuala Lumpur Stock Exchange (KLSE) became a demutualized exchange and was renamed Bursa Malaysia in 2004. It consists of
224-599: Was changed to The New Serendah Rubber Company Berhad on 15 April 1966. Subsequently, on 16 December 1993, it changed its name to HICOM Holdings Berhad pursuant to a restructuring exercise. It was incorporated in 1980 as the Heavy Industries Corporation of Malaysia Berhad (HICOM). Diversified Resources Berhad (DRB) was incorporated in 1990 as Peerless Assets Sdn Bhd. It was changed to DRB in September 1991, and listed itself on Malaysia's main bourse in September
240-450: Was completed on 31 December 2020. Five months later, on 1 August 2018, DRB-HICOM announced the sale of their waste management company Alam Flora Sdn Bhd (AFSB) to Malakoff Corporation Berhad . Included in the deal valued at RM1.0b was DRB-HICOM Environmental Services Sdn Bhd (DHES), a unit of AFSB. After several extensions of time, the deal was finally completed on 5 December 2019. Kuala Lumpur Stock Exchange Bursa Malaysia
256-585: Was fully developed, it would have had a population of about 240,000. The first settlement in the area - 252 units of apartments - have been handed over to the buyers. These apartments have common facilities that include car and motorcycle parking bays, children's playground, BBQ area, car wash areas, mosque and a nursery/kindergarten on the ground floor of each block and a multipurpose hall. Parcels 19 and 20, completed in 2007 have 1,091 apartments, 336 units of single- and double-storey terrace houses, 86 semi-detached houses, 37 bungalows and 36 shop-offices. Proton City
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