Thursday 5 January 2012

Proton at 15-month high on Nadzmi report

Proton Holdings Bhd rose to a 15- month high in Kuala Lumpur trading after the Star reported that its Chairman Mohd Nadzmi Mohd Salleh offered to buy Khazanah Nasional Bhd’s 42.7 percent stake in Malaysia’s national carmaker.

The stock jumped 2.3 percent to RM4.99 at 9:09 a.m. local time, set for its highest close since Sept. 27, 2010. -- Bloomberg



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