KUALA LUMPUR: Shares of DRB-HICOM BHD [] extended their gains in active trade on Thursday, Dec 9 on talk of a proposed privatisation at RM2.50 a share.
At 9.10am, DRB-Hicom was up three sen to RM1.73 with 7.97 million shares done while the call warrants, DRB-Hicom-CC added three sen to 44.5 sen with 6.43 million units done.
The FBM KLCI rose 5.33 points to 1,515.39. Turnover was 65.53 million shares done valued at RM93.27 million. There were 137 gainers, 54 losers and 101 stocks unchanged.
Media reports said tycoon that Tan Sri Syed Mokhtar is contemplating a privatisation of the conglomerate with a potential offer price comparable to its net tangible asset of RM2.50 as at Sept 10.
At 9.10am, DRB-Hicom was up three sen to RM1.73 with 7.97 million shares done while the call warrants, DRB-Hicom-CC added three sen to 44.5 sen with 6.43 million units done.
The FBM KLCI rose 5.33 points to 1,515.39. Turnover was 65.53 million shares done valued at RM93.27 million. There were 137 gainers, 54 losers and 101 stocks unchanged.
Media reports said tycoon that Tan Sri Syed Mokhtar is contemplating a privatisation of the conglomerate with a potential offer price comparable to its net tangible asset of RM2.50 as at Sept 10.
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