Sunday, 12 February 2017

DRB Hicom. The A Team

Is the monster 2011 hit for English song writer Ed Sheeran. It was his debut hit single which topped the charts world wide.

It looks like DRB Hicom has found The A Team to take over a 51 per cent stake in Proton Holdings.

The buyer is none other than China's Geely Automobile Holdings.

DRB Hicom shares were last traded at RM1.26 a share.

The share signing agreement details, it is said are being finalised. Expect DRB HIcom shares to be Bursa Malaysia's new A Team stock, all the way to RM2.20 a share.