KUALA LUMPUR (March 14): DRB-Hicom Holdings Bhd’s stake in PROTON HOLDINGS BHD [] has increased to about 50.01% and it is extending a mandatory take-over offer for all the remaining shares in the carmaker which it does not own.
DRB-Hicom said the acquisition of the 42.7% stake in Proton had become unconditional on Wednesday after shareholders approved the purchase of the stake from Khazanah Nasional Bhd.
It said the offer for all the remaining Proton shares would remain at RM5.50 per share.
It had also served the notice of the offer on the board of directors of Proton.
DRB-Hicom said the acquisition of the 42.7% stake in Proton had become unconditional on Wednesday after shareholders approved the purchase of the stake from Khazanah Nasional Bhd.
It said the offer for all the remaining Proton shares would remain at RM5.50 per share.
It had also served the notice of the offer on the board of directors of Proton.
