DRB-HICOM sale and purchase deal signed


SOME directors and substantial shareholders of DRB-Hicom Bhd have signed a sale and purchase agreement with Etika Strategi Sdn Bhd, which is controlled by tycoon Tan Sri Syed Mokhtar Albukhary, for a 15.8% stake in DRB-HICOM. 

In a statement to Bursa Malaysia, DRB-HICOM said this amounted to RM559.6mil or RM3.60 per share.  

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

China’s 40cm room boom
Redefining the family office paradigm
Lessons from a collapsed gate
El Nino to add fuel to coal rally
LYC�– from Nasdaq dreams to GN3
China leads global EV race
Stay invested, stay selective
Money-market funds are retail’s hot trade
A good deal for AmBank, but AmFirst?
Shanghai eyes asset hub status

Others Also Read