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
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
