KUALA LUMPUR (Jan 16): PROTON HOLDINGS BHD [] and DRB-HICOM BHD [] in separate announcements on Monday said they had requested for a trading halt in their securities pending a material announcement.
Proton said it had requested for a one-day trading halt on Jan 16 pending an announcement of a material corporate transaction to be made by its major shareholder Khazanah Nasional Bhd.
Meanwhile DRB-Hicom, which said it would be “proposing a corporate exercise involving a very substantial transaction” also requested for a one-day trading halt on Monday.
The Edge Financial Daily, citing industry sources on Monday, had reported that DRB-Hicom was understood to have secured Khazanah's 42.7% stake in Proton, with only a few minor issues left to seal the deal.
For more, read today’s The Edge Financial Daily.
Proton said it had requested for a one-day trading halt on Jan 16 pending an announcement of a material corporate transaction to be made by its major shareholder Khazanah Nasional Bhd.
Meanwhile DRB-Hicom, which said it would be “proposing a corporate exercise involving a very substantial transaction” also requested for a one-day trading halt on Monday.
The Edge Financial Daily, citing industry sources on Monday, had reported that DRB-Hicom was understood to have secured Khazanah's 42.7% stake in Proton, with only a few minor issues left to seal the deal.
For more, read today’s The Edge Financial Daily.
