DRB-Hicom Bhd, a Malaysian auto assembler, rose the most in a week in Kuala Lumpur trading after saying it bought an additional 7.7 per cent stake in national carmaker Proton Holdings Bhd. in the open market.
The stock rose 2.4 per cent to RM2.15 at 9:05 a.m. local time, set for its biggest increase since Jan. 13.
DRB agreed this week to buy a controlling 42.7 per cent stake in Proton from the Malaysian government. -- Bloomberg
The stock rose 2.4 per cent to RM2.15 at 9:05 a.m. local time, set for its biggest increase since Jan. 13.
DRB agreed this week to buy a controlling 42.7 per cent stake in Proton from the Malaysian government. -- Bloomberg
