Monday 5 December 2011

Proton jumps to 9-month high

Proton Holdings Bhd, Malaysia’s state-controlled carmaker, surged to the highest level in more than nine months in Kuala Lumpur trading after the Edge newspaper reported that Khazanah Nasional Bhd may ask for bids for its 43 percent stake in Proton.

The stock gained 14 percent to RM4.10 at 9:05 a.m. local time, set for the highest close since Feb. 24. -- Bloomberg



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