Tuesday 6 December 2011

Proton hits year-high on bids report

Proton Holdings Bhd rose to a one-year high in Kuala Lumpur trading after the Business Times reported three groups had submitted bids to buy Khazanah Nasional Bhd.’s stake in Malaysia’s national carmaker.

The stock climbed 9.3 percent to RM4.92 at 9:04 a.m. local time, set for its highest close since Dec. 2, 2010.

DRB-Hicom Bhd, several key shareholders of Naza Group, and Proton Chairman Mohd Nadzmi Mohd Salleh are all interested, according to the report. -- Bloomberg



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