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.
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