Thursday 15 December 2011

Proton gains on Naza offer report

Proton Holdings Bhd rose in Kuala Lumpur trading after the Business Times reported that Naza Group may make a competing offer for Khazanah Nasional Bhd’s 43 percent stake in Malaysia’s national carmaker.

The stock gained 1.7 percent to RM4.24 at 9:11 a.m. local time, set for its highest close since Dec. 13. -- Bloomberg



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