Tuesday 10 January 2012

DRB-Hicom up on offer for Proton stake

DRB-Hicom Bhd, a Malaysian auto-assembler, rose the most in almost one month in Kuala Lumpur trading after confirming it made an offer to buy a controlling stake in national car manufacturer Proton Holdings Bhd.

DRB rose 1.4 percent to RM2.11 at 9:02 a.m. local time, set for its highest close since Dec. 13.

Proton gained 1.9 percent to RM5.35, set for its highest close since October 2007. -- Bloomberg



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