Tuesday 6 December 2011

DRB-Hicom rises most in 4 months

DRB-Hicom Bhd, an automotive, construction and property group, jumped to the highest level in more than four months in Kuala Lumpur trading after the Business Times reported that it is one of three groups to have submitted bids for a stake in carmaker Proton Holdings Bhd.

The stock gained 4.1 percent to RM2.29 at 9:15 a.m. local time, set for the highest close since Aug. 4. -- Bloomberg



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