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Tuesday, 9 August 2016

Multi Management and Future Solutions Malaysia Says: BURSA KLSE Jumps Like Olympics.

DRB-HICOM stock jumps on Proton sale reports


KUALA LUMPUR: DRB-HICOM Bhd picked up as much as 11.7 for each penny in early exchange yesterday on reports that it was anticipating that up should seven offers to purchase all or a portion of its shares in Proton Holdings Bhd. The stock rose to a high of RM1.24, or 13 sen higher than Friday's end, in the morning session. 

Be that as it may, the increase was mostly deleted after gathering overseeing chief Datuk Seri Syed Faisal Albar denied that DRB-HICOM would offer all its stake in the national carmaker. He said reports that DRB-HICOM was expecting upwards of seven offers for Proton by the center of the month and that it may even offer as much as 100 for every penny of Proton to remote purchasers were untrue. DRB-HICOM later issued an announcement to Bursa Malaysia denying the reports, as the stock withdrew from the intra day high of RM1.24 to settle at RM1.16, a five sen increase over Friday's nearby. The Employees Provident Fund (EFP) was one of the primary venders, having discarded five million DRB-HICOM offers in the morning. 

The EPF still possesses 113.14 million shares, or a 5.85 for every penny stake, in the gathering. In its Bursa recording, DRB-HICOM said it remained very dedicated to holding a significant and vital stake in Proton. "We are certain of and are helping Proton in its turnaround program." DRB-HICOM noticed that as a feature of the necessity of the RM1.5 billion advance allowed by the administration, Proton was embraced a solicitation for proposition (RFP) activity to look for an accomplice that could give a vital, operational and social fit on a changeless premise with the aim to develop its car business. "This activity is required to be finished in the main quarter of one year from now and its execution is being administered by the team board of trustees framed by the legislature to screen the turnaround," it said.

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·         EMETAL
·         VS
·         PUNCAK

·         SUPERMAX
·         VS
·         DATASONIC

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