KUALA LUMPUR (Feb 13): Shares of DRB-HICOM BHD [] which had surged recently on its takeover of Khazanah Nasional Bhd’s 42.7% stake in PROTON HOLDINGS BHD [] seemed to have exhausted with investors taking profit.
At 10.48am, it was down 12 sen to RM2.86 with 10.30 million shares done.
The FBM KLCI inched up 0.04 of a point to 1,561.70. Turnover was 1.13 billion shares valued at RM579.85 million. There were 303 gainers, 309 losers and 306 stocks unchanged.
Last Friday, DRB-Hicom fell 16 sen to RM2.98.
News reports quoted DRB-HICOM group MD Datuk Seri Mohd Khamil Jamil as saying DRB-Hicom had not yet decided on the new management line-up to steer Proton.
Mohd Khamil was quoted saying he was surprised with all the names suggested through the media. "I do meet them (Proton officials) from time to time on business arrangements, but I have not made any decision on the new Proton line-up. I must first go through the merger and acquisition process.
"We will hold an EGM on the first or second week of March to finalise the deal,” he said.
There were news reports that Proton's former CEO Tengku Tan Sri Mahaleel Tengku Ariff was poised to make a comeback as the national carmaker's new chairman, replacing Datuk Seri Mohd Nadzmi Mohd Salleh. DRB-HICOM's group COO Datuk Lukman Ibrahim and Hicom Automotive Manufacturers CEO Abdul Rashid Musa were also names tipped to be potential candidates as Proton CEO.
At 10.48am, it was down 12 sen to RM2.86 with 10.30 million shares done.
The FBM KLCI inched up 0.04 of a point to 1,561.70. Turnover was 1.13 billion shares valued at RM579.85 million. There were 303 gainers, 309 losers and 306 stocks unchanged.
Last Friday, DRB-Hicom fell 16 sen to RM2.98.
News reports quoted DRB-HICOM group MD Datuk Seri Mohd Khamil Jamil as saying DRB-Hicom had not yet decided on the new management line-up to steer Proton.
Mohd Khamil was quoted saying he was surprised with all the names suggested through the media. "I do meet them (Proton officials) from time to time on business arrangements, but I have not made any decision on the new Proton line-up. I must first go through the merger and acquisition process.
"We will hold an EGM on the first or second week of March to finalise the deal,” he said.
There were news reports that Proton's former CEO Tengku Tan Sri Mahaleel Tengku Ariff was poised to make a comeback as the national carmaker's new chairman, replacing Datuk Seri Mohd Nadzmi Mohd Salleh. DRB-HICOM's group COO Datuk Lukman Ibrahim and Hicom Automotive Manufacturers CEO Abdul Rashid Musa were also names tipped to be potential candidates as Proton CEO.
