News Malaysiakini

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...

Share this story

OR

Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew