Wednesday, December 7, 2011

Proton dips after saying unaware of corporate proposals

KUALA LUMPUR (Dec 7): PROTON HOLDINGS BHD [] shares fell on Wednesday after the national carmaker's top management clarified to Bursa Malaysia that it is not aware of any reason for the unusual market activity in its shares.

At 9.45am, Proton lost 26 sen to RM4.05 with 1 million shares done.

The rally in the share price of Proton started last Thursday on rumours that re-emerged that its largest shareholder Khazanah Nasional Bhd was inviting parties to bid for part or its entire stake in the group.

Khazanah holds a 42.74% stake in Proton.

No comments:

Post a Comment