Malaysia tycoons hit snag over bids for DRB stake

Newswire

KUALA LUMPUR, Oct 30 (Reuters) - Talks between two Malaysian tycoons over their rival bids for a stake of 15.8 percent in auto and banking group DRB-Hicom have broken down, a result that could see the government step in to assert its authority. The sale of the stake in DRB, which assembles and distributes Honda cars in Malaysia, has been mired in confusion after its owners said they preferred bids from competing parties. One bidder for the stake is a consortium led by the unlisted Naza ...

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