DRB-Hicom confirms StarBiz report

  • Business
  • Thursday, 08 Jul 2004

DRB-HICOM BHD has confirmed a recent StarBiz report that the company was planning to increase its shareholding in EON Capital Bhd (ECB) to about 20%. 

In an statement to Bursa Malaysia, DRB-HICOM said: “It is DRB-HICOM's intention to hold approximately 20% shareholding in ECB in order to equity account the financial results of ECB and by doing so, maintain the DRB-HICOM group's earnings.” 

“We will make the appropriate announcement to the exchange upon completion of the said distribution on July 14,” the company added.  

 DRBHCOM :  [Stock Watch]  [NewsEONCAP :  [Stock Watch]  [News]

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