# Aapico subsidiary acquires 60% stake in PROTON subsidiary

AVEE Global, a subsidiary of Aapico, will acquire a 60% stake in a PROTON subsidiary, which will be renamed Aapico Avee Sdn. Bhd., as part of the joint venture.

- Type: Acquisition
- Announced: 2023-06-26
- Where: Malaysia
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Proton](https://endata.com/companies/24490.md) (target)
- [AAPICO Hitech Public Company Limited](https://endata.com/companies/64663.md) (acquirer)
- [AVEE Global](https://endata.com/companies/71194.md) (acquirer)

## Sources

- [klhappenings.com](https://klhappenings.com/?p=863), 2023-07-03: "Under the collaboration, Aapico’s subsidiary, AVEE Global, will acquire a 60% stake in PROTON’s subsidiary, which will be renamed Aapico Avee Sdn. Bhd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.