Tuesday 17 January 2012

Proton rises most in more than week

Proton Holdings Bhd., Malaysia’s national carmaker, rose the most in more than a week after DRB- Hicom Bhd. agreed to buy Khazanah Nasional Bhd.’s 43 per cent stake in Proton at 5.50 ringgit per share.

The stock climbed 4.4 per cent to 5.41 ringgit at 9:02 a.m. local time in Kuala Lumpur, set for its steepest gain since Jan. 9. DRB-Hicom added 0.9 per cent to 2.19 ringgit. -- Bloomberg



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