DRB-Hicom denies buying stake in Media Prima

In its interim financial report, the company said it posted earnings of RM736.57mil compared to a loss of RM309.63mil a year earlier mainly due to the grant to the 50.1%-owned national carmaker and better financial performance of its operating companies

KUALA LUMPUR: DRB-Hicom Bhd has dismissed a news report suggesting that the company has acquired a stake in Media Prima Bhd.

"We wish to categorically deny the statements in the said report," DRB-Hicom said in a press statement today.