If they manage to acquire 10% of Perodua from PNB alone, It's enough to hike the price up to 7+. This deal seems to be actually going though... for a long term investor things seem bright regardless of Medbumikar.

Major shareholders reject offer.

http://m.thesundaily.my/node/534183

I may not know much about stocks but i do know about the automotive industry. PSA has every reason to become Proton's FSP. They have planned to build a factory in Indonesia (GreenField) that produces over 300-500k cars a year to supply to over 10 Asean countries. Proton would be a perfect piece of the puzzle considering their outreach in Malaysia. We are definitely getting an FSP this time, just maybe not Geely.