Posted by LOO99 > 2017-05-24 08:44 | Report Abuse

Wait n c...who will make money..2 days ago pll talked like pasar malam in iwc forum..cursing n scared pll. Yesterday meletup..

Posted by ivankvs > 2017-05-24 08:44 | Report Abuse

.

Posted by Nelson Yoong > 2017-05-24 08:59 | Report Abuse

Next month PROTON sale in CHINA straight away no more worry!!!

Posted by titus > 2017-05-24 09:10 | Report Abuse

the moment of truth. i wonder where to get the latest announcement.

Posted by billy43 > 2017-05-24 09:15 | Report Abuse

share price run up a week bfore suspension
isn't it inside trading?

Posted by Beary > 2017-05-24 09:19 | Report Abuse

Geely would be foolish to accept a 49% stake knowing that Proton is in a desperate life or death situation.

If that is true, the ketuanan policy will remain in Proton.

Not good for Proton but at least it is better than no deal for DRB.

DRB...D' Raging Bull is still alive and kicking.

Posted by mysaham > 2017-05-24 09:24 | Report Abuse

DRB will dispose Proton and Proton will no longer be burden to DRB. So, DRB share will move up.

Posted by roundcateye > 2017-05-24 09:25 | Report Abuse

Based on the current situation, the best scenario is Geely 49%, DRBHCOM 31% and Government 20%. Shah Alam plant is closed down to release the land value. Lotus is sold to Geely as separate business dealt. Everyone will be happy: BN will not be blamed for selling the ownership of national asset, DRBHCOM release from the debt-generator, Geely get what he want. Minor shareholders will be happy as well.

Posted by ahlairich > 2017-05-24 09:30 | Report Abuse

sell on news mah. earn then run lah why care about their shareholding :P

Posted by LOO99 > 2017-05-24 09:36 | Report Abuse

the important is what the reaction of the FM n Big Investor.. retailers n contrarian like us cant do nothing the stock price.. they just panic to sell when price down and chasing when price going up

Posted by vegebotak > 2017-05-24 09:49 | Report Abuse

the news stated , Geely took 51% and Govt pump additional 1.7B.






Geely and Proton to walk down the aisle — sources
TheEdgeWed, May 24, 2017

KUALA LUMPUR: The two-horse race between China’s Geely Automobile Holdings Ltd and France’s Groupe PSA to see who will emerge as the foreign strategic partner (FSP) for Proton Holdings Bhd is nearing its end, with Geely the ultimate winner, according to sources.

DRB-Hicom Bhd requested yesterday to suspend the trading of its shares today, pending the release of a material announcement, which is highly anticipated to be the new FSP. Its shares settled at RM1.68 yesterday, one sen or 0.6% higher, which valued the group at RM3.248 billion.

The counter jumped to a two-year high of RM1.82 last Wednesday, immediately after Prime Minister Datuk Seri Najib Razak’s visit to China. Citing sources, The Edge Malaysia reported in its May 15-May 21 publication that Malaysian business tycoon Tan Sri Syed Mokhtar al-Bukhary, who controls DRB-Hicom, also visited China during the period.

It is understood that under the deal, DRB-Hicom will give away a controlling stake in Proton, with Geely possibly ending up with a simple majority of 51% in the ailing national carmaker. This contradicts Proton’s previous statement that the majority stake will remain with a local partner.

But even if Groupe PSA is chosen, it is understood that the French carmaker would also want a controlling ownership. Regardless, some quarters have speculated that Geely may allow Proton to retain much of its operational independence, given the way it handled its takeover of Volvo from Ford Motor Co back in 2010.

Reports on who would “marry” Proton have been mixed so far. Geely was at one time said to be out of the race after Geely president An Conghui said in March that the group has withdrawn its bid to acquire an equity stake in Proton, though DRB-Hicom announced all bids were still being evaluated at the time.

Groupe PSA losing out, however, would not come as a surprise, as the absence of Groupe PSA’s anticipated strategic partnership deal with Proton during French President Francois Hollande’s official visit to Malaysia back in April was a rather strong hint that they would be out of the picture.

Proton is supposed to announce an FSP before June this year to support its turnaround plan — a condition set by the Malaysian government before it gave Proton a RM1.25 billion loan back in 2016. Moreover, sources told The Edge Malaysia that the government had agreed to pump in an additional RM1.7 billion into the company.

Pundits believe the right FSP is key for Proton to turn around, and to mitigate the immediate impact of losses on DRB-Hicom. In DRB-Hicom’s financial year ended March 31, 2016, Proton registered RM1.426 billion in net losses.

Performance-wise, Proton has for the first time fallen to the fourth place in terms of market share in Malaysia in the first four months of this year, at 13.4%, lagging behind Perodua, Honda and Toyota.

Proton sales fell month-on-month for four consecutive months. From 7,207 units in January, it dipped to 6,099 in February, 6,070 in March and 5,600 in April, despite the introduction of three new models in the market last month.

The FSP is one of the few ways — if not the only one — for Proton to survive without acquiring more debt. Most of the first of the RM1.25 billion loan it obtained from the government was immediately used to pay the huge sums it owed its vendors. And Proton still has an upcoming RM260 million repayment due on its RM840 million Islamic medium-term notes this year.

The Proton saga is one that will be closely watched — the government is unlikely to fork out any more money to patch the leaks without facing harsher criticisms.

Meanwhile, the general election looms near, and the long-term future of Proton’s 12,000 employees, together with another 50,000 employed by its vendors, will need to be carefully managed.

Posted by Buy1sell2 > 2017-05-24 09:49 | Report Abuse

Yeah...I agree with Beary..49% did not augur well for Geely. They should have at least 51% to be able to make decision and control Proton board and top management. Having a 49% is still a problem for them as Proton still have control and any mis-management cannot be avoided by geely.

Posted by helloworld123 > 2017-05-24 09:53 | Report Abuse

The moment drb/proton/govt. agreed to accept a fsp means M'sia has lost control of proton - which is the best thing since sliced bread!

Posted by chin79 > 2017-05-24 09:55 | Report Abuse

when will DRBHCOM resume trading?

Posted by LOO99 > 2017-05-24 10:08 | Report Abuse

China controlling the world..earth..land and sea..including all the small island from Vietnam..Phlipine n Malaysia. Even Trump cannot stop it..Phlipine surrendering everthing n declare divorced with America..

Posted by Ming Koay > 2017-05-24 10:14 | Report Abuse

wish we all good luck break 2

Posted by charles_cty > 2017-05-24 10:39 | Report Abuse

PARIS/BEIJING: Chinese automaker Geely has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom, sources said on Tuesday, beating out rival bidder PSA Group.

http://www.thestar.com.my/business/business-news/2017/05/24/chinese-carmaker-geely-to-acquire-malaysias-proton/

Posted by ding dong > 2017-05-24 10:45 | Report Abuse

.....so now bskl is catching shanghai stock index sindrom after major deals taken by baijing

Posted by cinapeh > 2017-05-24 11:00 | Report Abuse

mother share and all call warrants should be limit up when resume trading,GOOD LUCK !!!!!

Posted by KiasiPu > 2017-05-24 11:00 | Report Abuse

hopefully our chicken pm sell out proton..

Posted by 7skies > 2017-05-24 11:03 | Report Abuse

gd news for DRB then? drb books will look gd without bleeding proton woahh go go go!!!

Posted by KiasiPu > 2017-05-24 11:08 | Report Abuse

Today DRB can sell proton to geely.. tomorrow also can sell POS to Alibaba..

Posted by KiasiPu > 2017-05-24 11:08 | Report Abuse

amend.. Today Chicken PM can sell proton to geely.. tomorrow Chicken PM also can sell POS to Alibaba..

Posted by titus > 2017-05-24 11:10 | Report Abuse

pos diarrhea today le. Eat so much a'dy.....must out also. but don't think it will affect drb. Today big news is the fsp

Posted by Dexter150185 > 2017-05-24 11:20 | Report Abuse

can i queue if suspended? what would be a good price to queue for c32 ?

Posted by jenabchen123 > 2017-05-24 11:25 | Report Abuse

They want Lotus... now they have Lotus and Volvo.

Posted by Erie > 2017-05-24 11:29 | Report Abuse

Limit up limit up limit up..!!!yaaabedabeduuuuu

Posted by Berkat > 2017-05-24 11:31 | Report Abuse

Yahoooooooooooooo

Posted by 7skies > 2017-05-24 11:37 | Report Abuse

yes yes yesss! cmonnn

Posted by Dexter150185 > 2017-05-24 11:40 | Report Abuse

I hate you all i no chance to enter huhu so sad gonna miss the boat

Posted by limkokthye > 2017-05-24 11:41 | Report Abuse

super up tomorow

Posted by Dexter150185 > 2017-05-24 11:50 | Report Abuse

I really hope I can queue tomorrow

Posted by r3490 > 2017-05-24 12:04 | Report Abuse

http://www.mystock118.com/?p=182105/

Posted by NIBIRU_T > 2017-05-24 12:19 | Report Abuse

geely 49% or 51% ?

Posted by Effendy Tay > 2017-05-24 12:24 | Report Abuse

Tomorrow jump start. NAV is 3.33,how much geely pay for the stake?

Posted by NIBIRU_T > 2017-05-24 12:29 | Report Abuse

geely on lotus mostly @ 51% but on proton ???

Posted by Vincent1368 > 2017-05-24 12:55 | Report Abuse

http://www.fun01.net/post598779/454

Posted by NIBIRU_T > 2017-05-24 13:15 | Report Abuse

vincent1368, thanks for your infor.

Posted by balvin71 > 2017-05-24 13:38 | Report Abuse

Confirmed Geely buying Proton & Lotus. Announcement this afternoon. Tomorrow resume trading.

Posted by Vincent1368 > 2017-05-24 13:38 | Report Abuse

Welcome Nibiru_t..good news!!!

Posted by sng2015 > 2017-05-24 13:55 | Report Abuse

https://m.facebook.com/BusyWeekly/photos/a.304544779555776.87436.183843371625918/1533211536689088/?type=3

Posted by ChoCho > 2017-05-24 14:02 | Report Abuse

Finally the white elephant is out from sight. Hope bring favourable share price increase to DRB.............

Posted by NIBIRU_T > 2017-05-24 14:03 | Report Abuse

geely @ proton = 49.9% and lotus @ 100%

Posted by ivankvs > 2017-05-24 14:14 | Report Abuse

。

Posted by Cornerstone > 2017-05-24 14:21 | Report Abuse

read the news report just now ... definitive agreement will only be signed in july... means they are just signing something like an MOU now... nothing is concrete till actual agreement is signed.. no wonder the news report doesn't mention anything on the price tag

Posted by titus > 2017-05-24 14:24 | Report Abuse

MOU only? what about other details? % ownership?

Posted by PenguinDad > 2017-05-24 14:25 | Report Abuse

Just solved half of the problem and still have the headache. Ha... don't expect much from resume trading.

Posted by KiasiPu > 2017-05-24 14:26 | Report Abuse

http://www.theedgemarkets.com/article/geely-buy-4999-stake-proton

Posted by KiasiPu > 2017-05-24 14:27 | Report Abuse

Geely to buy 49.99% stake in Proton

Posted by ivankvs > 2017-05-24 14:27 | Report Abuse

How much LOTUS worth today?