Goldstar’s legal claim puts DRB-Hicom under pressure

Negative impact: DRB-Hicom headquarters in Shah Alam. Analysts say the legal suit by Goldstar may have a negative impact on DRB-Hicom’s bottom line.

PETALING JAYA: Just a couple of weeks into 2019, shares of DRB-Hicom Bhd have come under pressure following a legal claim amounting to RM523mil by China-based Goldstar Heavy Industrial Co Ltd over a termination of a joint venture with Proton.

Analysts said the matter would have a negative impact on DRB-Hicom’s bottom line should the conglomerate fail to defend itself against the claim.