Thursday, December 9, 2010

DRB-Hicom unaware of privatisation plan by Syed Mokhtar

KUALA LUMPUR: DRB-HICOM BHD [], whose securities saw very active trade on Thursday, Dec 9, said it was unaware of any plans by Tan Sri Syed Mokhtar Al Bukhary to take the auto-banking group private.

It told Bursa Malaysia it was not aware of a plan by the tycoon to offer between RM2.20 and RM2.70 per share which he does not own.

'DRB-Hicom wishes to state that the company is not aware of such proposal nor have we received any notice whatsoever to that effect from our holding company, Etika Strategi Sdn Bhd,' it said.

DRB-Hicom shares closed five sen lower at RM1.65, off its intra-day high of RM1.77 while the call warrants, DRB-Hicom-CC slipped four sen to 37.5 sen, off its early high of 46 sen.


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