DRB-Hicom to make material announcement


TEMERLOH, 24 Mei -- DRB-Hicom Berhad (DRB-Hicom) mencapai persetujuan dengan syarikat China, Zhejiang Geely Holding Group Co., Ltd (Geely) bagi membolehkan syarikat tersebut membeli 49.9 peratus saham Proton Holdings Berhad (Proton) hari ini. Kelihatan seorang penjual kereta menunggu pelanggan di premis ketika tinjauan fotoBernama di Proton Edar Temerloh. --fotoBERNAMA (2017) HAK CIPTA TERPELIHARA

KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved DRB-Hicom Bhd’s request for the suspension in the trading of its securities from 9am tomorrow (Thursday) pending the release of a material announcement.

The trading suspension comes the day before DRB-Hicom and Zhejiang Geely Holding Group are scheduled to sign a definitive agreement to formalise the latter as a shareholder in DRB-Hicom’s subsidiary Proton Holdings Sdn Bhd.

DRB-Hicom shares saw brisk trading last month on the day after it signed a heads of agreement with Geely for the sale of a 49.9% stake in Proton at an undisclosed price.

Close to 71 million DRB-Hicom shares, valued at RM124mil, changed hands on May 25 in what was its busiest trading day in at least five years

Under the agreement, Geely would also buy a 51% stake in British sportscar maker Lotus from Proton for £51mil (RM276.2mil).

The remaining 49% stake in Lotus would be taken up by Etika Automotive Sdn Bhd.

 

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