DRB-Hicom up on offer for Proton stake

Publish date: Tue, 10 Jan 2012, 09:17 AM
DRB-Hicom Bhd, a Malaysian auto-assembler, rose the most in almost one month in Kuala Lumpur trading after confirming it made an offer to buy a controlling stake in national car manufacturer Proton Holdings Bhd.

DRB rose 1.4 percent to RM2.11 at 9:02 a.m. local time, set for its highest close since Dec. 13.

Proton gained 1.9 percent to RM5.35, set for its highest close since October 2007. -- Bloomberg

Labels: DRBHCOM

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limayseng

with such a low tech in car manufacturing and unfacied brand , I do not think it will command a good price even there are willing takers....

2012-01-10 15:43

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