Thursday 8 December 2011

Proton jumps on GM tie-up talks news

Proton Holdings Bhd rose in Kuala Lumpur trading after Bloomberg News reported that General Motors Co had begun partnership talks with Malaysia’s national carmaker, citing two unidentified people familiar with the matter.

The stock rose 1.2 per cent to RM4.09 at 9.16am local time. Separately, the Star newspaper reported that Volkswagen AG may partner Malaysia’s DRB-Hicom Bhd. to buy a controlling stake in Proton, citing an unnamed person familiar with the matter. -- Bloomberg



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.
Related Posts Plugin for WordPress, Blogger...