KUALA LUMPUR (Jan 10): Shares of PROTON HOLDINGS BHD [] and DRB-HICOM BHD [] advanced on Tuesday after the latter confirmed that it had submitted a bid to acquire Khazanah Nasional Bhd’s 42.7% stake in Proton.
At 9.18am, Proton was up six sen to RM5.31 with 494,200 shares done, while DRB-Hicom added three sen to RM2.11 with 209,000 shares traded.
DRB-Hicom on Monday said it had always viewed Proton as an important automotive industry player while some analysts said DRB-Hicom was the best bet for Proton.
At 9.18am, Proton was up six sen to RM5.31 with 494,200 shares done, while DRB-Hicom added three sen to RM2.11 with 209,000 shares traded.
DRB-Hicom on Monday said it had always viewed Proton as an important automotive industry player while some analysts said DRB-Hicom was the best bet for Proton.
