Thursday 12 January 2012

Tan Chong falls on Proton stake denial

Tan Chong Motor Holdings Bhd, a Malaysian car assembler and distributor, fell the most in almost a month in Kuala Lumpur trading after saying it has no plans to buy a controlling stake in Proton Holdings Bhd.

The stock lost 2.1 percent to RM4.20 at 9:30 a.m. local time, set for the steepest decline since Dec. 16.

Proton gained 2.5 percent to RM5.41. -- Bloomberg



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