DRB-Hicom disposes 60% stake in AVEE Global

PETALING JAYA: DRB-Hicom Bhd is disposing of its 60% equity interest in Advance Vehicle Engineering Global Sdn Bhd (AVEE Global) to AAPICO Hitech Public Co Ltd for RM40.7mil.

In a filing with Bursa Malaysia, DRB-Hicom said the disposal will enable the Proton brand to further strengthen its mission to become a major player in the Asean automotive market via better cost optimisation, efficiency and quality of production of cars.

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DRB-Hicom , AVEE Global

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Market Summary

FBM KLCI

1513.65

-22.08

-1.46%

Vol ('00)

22,480,595

FBMKLCI
Day's Range

Low

1513.65

High

1533.52
52 Weeks Range

Low

1478.84

High

1685
Go to Market Watch

Market Movers

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  • SymbolOpenHighLowLastChg%ChgVol ('00)
    PERMAJU 0.030 0.045 0.030 0.040 0.01033.33549,198
    HSI-PWD1 0.190 0.210 0.180 0.195 0.0000.00532,470
    HSI-PWD7 0.205 0.230 0.200 0.220 0.0104.76530,406
    HSI-CWEO 0.155 0.155 0.135 0.135 -0.010-6.90510,830
    SAPNRG 0.045 0.050 0.045 0.045 0.0000.00478,502
    HI 1.270 1.330 1.200 1.330 0.1109.02401,830
    HSI-CWCY 0.180 0.180 0.140 0.145 -0.025-14.71391,282
    PERTAMA 0.110 0.130 0.105 0.115 0.0054.55386,360
    HSI-CWEJ 0.180 0.180 0.150 0.150 -0.015-9.09384,772
    NEXG 0.255 0.255 0.240 0.245 -0.010-3.92354,353
    HSI-CWCM 0.170 0.175 0.120 0.130 -0.025-16.13293,024
    HSI-PWFR 0.160 0.175 0.160 0.175 0.0159.38268,123
    EDEN-WC 0.025 0.035 0.025 0.030 0.00520.00265,878
    FOCUS 0.020 0.025 0.020 0.020 0.0000.00244,940
    POS 0.250 0.290 0.250 0.255 0.0000.00237,255

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