Corporate News

DRB-Hicom sells Alam Flora to Malakoff for RM944mil

KUALA LUMPUR: DRB-Hicom Bhd is selling its entire stake in Alam Flora Sdn Bhd to Malakoff Corp Bhd for RM944.6mil.

Proceeds from  the disposal, DRB-Hicom told Bursa Malaysia today, will be utilise to repay debts totalling RM500mil and the rest as working capital for Proton.

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