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DRB-Hicom to finalise Geely deal as shares suspended

Published:  |  Modified:

DRB-Hicom Bhd has suspended its shares ahead of the inking of a final deal with China-based Geely to acquire a stake in Proton Holdings Bhd.

"DRB-Hicom wishes to announce that Bursa Malaysia has approved the request for suspension in the trading of DRB-Hicom securities with effect from 9.00am on Thursday, June 22, 2017, pending the release of a material announcement," it said in an announcement to the bourse.

Last month, DRB-Hicom announced a proposal to sell a 49.9 percent stake in Proton to China-based Geely...

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