Malaysia's DRB-Hicom to issue 549m new shares

Newswire

KUALA LUMPUR, April 24 (Reuters) - Malaysian autos-to-property group DRB-Hicom will issue 548.7 million new shares to pay for its agreed purchase of a 70 percent stake in Bank Muamalat Malaysia, DRB-Hicom said on Thursday. DRB-Hicom said in October that it was buying the stake from Bukhary Capital. At Thursday's closing share price, the offer is worth 724 million ringgit ($230.3 million). Bank Muamalat began operations about eight years ago, the second fully-fledged Islamic bank in ...

Premium Content (PAID Subscription Required)

"Malaysia's DRB-Hicom to issue 549m new shares" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
WardsAuto Blogs
Jul 11, 2014
blog

Tesla Salespeople Would Make Great Museum Curators

The automaker’s salespeople do a couple of things right but enough wrong to finish dead last in a mystery-shopping study....More
Jul 10, 2014
blog

Barra Driving Change at GM

Under CEO Mary Barra, GM is the only one stepping up to change the conversation and fix the long-broken mechanisms for protecting consumers from potentially dangerous vehicle defects and compensating victims....More
Jul 1, 2014
blog

June 2014 U.S. Sales Thread (FINAL): Luxury Vehicles, Large Trucks Boost SAAR to 95-Month High

U.S. automakers dramatically outpaced expectations in June, raising the SAAR to its highest level since July 2006....More

Sponsored Introduction Continue on to (or wait seconds) ×