KUALA LUMPUR: DRB-Hicom Bhd confirms that it has submitted a bid to acquire Khazanah Nasional Bhd’s 42.7% stake in Proton Holdings Bhd.
In a statement to Bursa Malaysia yesterday, DRB-Hicom said the proposal was pending decision by Khazanah.
“We wish to inform Bursa Malaysia that DRB-Hicom has always viewed Proton as an important automotive industry player. Accordingly, DRB-Hicom was on the lookout for an opportunity to arise to explore any viable proposals which will benefit and add value to the group’s business and expansion plans,” it said.
The statement was in response to a telephone query by Bursa Malaysia following news that DRB-Hicom was eyeing the Proton stake.
DRB-Hicom gained two sen to close at RM2.08 yesterday with 5.25 million shares done, while Proton added 26 sen to close at RM5.25.
This article appeared in The Edge Financial Daily, January 10, 2012.
In a statement to Bursa Malaysia yesterday, DRB-Hicom said the proposal was pending decision by Khazanah.
“We wish to inform Bursa Malaysia that DRB-Hicom has always viewed Proton as an important automotive industry player. Accordingly, DRB-Hicom was on the lookout for an opportunity to arise to explore any viable proposals which will benefit and add value to the group’s business and expansion plans,” it said.
The statement was in response to a telephone query by Bursa Malaysia following news that DRB-Hicom was eyeing the Proton stake.
DRB-Hicom gained two sen to close at RM2.08 yesterday with 5.25 million shares done, while Proton added 26 sen to close at RM5.25.
This article appeared in The Edge Financial Daily, January 10, 2012.
