KUALA LUMPUR: DRB-Hicom Bhd
clarified that the rights to Geely’s best-selling model, Boyue, valued at RM600mil as stated during an analysts briefing on May 25, 2017, was merely an assumption.
It was an attempt by the management to illustrate how the assumed valuation of Boyue would lead to the implied valuation of Proton, said DRB in a filing with Bursa Malaysia yesterday.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
