Friday 16 December 2011

Proton shares rise to 11-month high

Proton Holdings Bhd, Malaysia’s national carmaker, rose to an 11-month high in Kuala Lumpur trading after the Business Times reported that Khazanah Nasional Bhd plans to sell its 43 percent stake to the owners of UMW Holdings Bhd.

The stock gained 1.5 percent to 4.62 ringgit at 9:02 a.m. local time, set for its highest close since Jan 19. - Bloomberg



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