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DRB-Hicom Bhd (DRBM.KL)

DRBM.KL on Kuala Lumpur Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Drb-Hicom announces proposed disposal of equity interest in Corwin
Thursday, 22 Sep 2016 07:27am EDT 

Drb-Hicom Bhd : Unit Hicom Megah and minority shareholders of Corwin enters conditional share sale agreement with Columba Holdings Pte Ltd . Deal to dispose entire 100% equity interest in Corwin comprising 14.5 million ordinary shares and 866.8 million redeemable preference shares . Deal for a total sale consideration of s$189.8 million . Hicom Megah’s share of net sale proceeds is approximately s$167.8 million .Proposed disposal will not have any effect on issued and paid-up share capital and substantial shareholders’ shareholdings in Drb-Hicom.  Full Article

DRB HICOM says qtrly net loss 169.3 million rgt versus loss of 19.7 million rgt
Tuesday, 30 Aug 2016 05:47am EDT 

DRB-Hicom Bhd : Qtrly net loss 169.3 million rgt versus loss of 19.7 million rgt; qtrly revenue 2.5 billion rgt versus 3 billion rgt .  Full Article

DRB-Hicom updates on subscription agreement entered into between unit and GOVCO
Thursday, 18 Aug 2016 12:58am EDT 

DRB-Hicom Bhd : Says unit PHB RCCPS on 16 August 2016 issued a letter to the Ministry Of Finance . Letter conveying PHB's decision that balance of financial support from government of Malaysia shall be via proposed issuance of up to 250 million new PHB RCCPS to Govco . Financial support totalling rm250 million shall be via the proposed issuance of up to 250 million new phb rccps at an issue price of rm1.00 each . The initial subscription rccps and new subscription rccps represent the financial support from the government to phb totalling rm1.50 billion . Unit Proton Holdings Berhad proposes to issue shares to Govco Holdings Bhd .  Full Article

DRB-Hicom clarifies on divestment of Proton
Monday, 8 Aug 2016 06:24am EDT 

DRB-Hicom Bhd : Refer to the article entitled "DRB HICOM-may sell up to 100% of proton" which appeared in the edge of 8 August 2016 . Deny the statement suggesting it may dispose of all of its stake in Proton Holdings Berhad" . Confident of and is currently assisting proton in its turnaround programme" .  Full Article

DRB-Hicom updates on proposed disposal of 90% equity interest in Corwin
Wednesday, 3 Aug 2016 05:54am EDT 

DRB-Hicom Bhd : Says unit, hicom megah, and minority shareholders of corwin enters into non-binding term sheet with lum chang holdings ltd . Term sheet to dispose entire 100% equity interest in corwin comprising 14.5 million ordinary shares and 866,840 redeemable preference shares . Source (http://bit.ly/2b1YjNz) ((For more news, please click here [DRBM.KL])) ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

DRB HICOM says qtrly net loss of 790.8 million rgt versus profit of 89.8 million rgt
Tuesday, 31 May 2016 05:28am EDT 

DRB-Hicom Bhd : Qtrly net loss of 790.8 million rgt versus profit of 89.8 million rgt; qtrly revenue 2.63 billion rgt versus 3.21 billion rgt . Says proposed dividend of 2 sen per share .  Full Article

DRB-Hicom Bhd declares single tier final dividend
Tuesday, 18 Aug 2015 08:00pm EDT 

DRB-Hicom Bhd:Declares single tier final dividend of 4.5 sen per share.Ex date Sept. 11.Payment Date Oct.09.  Full Article

DRB-Hicom Bhd acquires certain parcels of land
Sunday, 29 Mar 2015 08:00pm EDT 

DRB-Hicom Bhd:Acquires certain parcels of land held under title HSD 17814 (PT 9), HSD 17815 (PT 10) and HSD 17817 (PT 12) in Bandar Kota Perdana, Mukim Sungai Laka, Daerah Kubang Pasu, Negeri Kedah Darul Aman from Northern Gateway Free Zone Sdn Bhd.Total cash consideration of 130.68 mln ringgit.  Full Article

More From Around the Web

Malaysia's DRB-Hicom awaits foreign bids for Proton partnership

KUALA LUMPUR, Feb 7 Malaysian conglomerate DRB-Hicom Bhd on Tuesday said it is waiting for prospective foreign carmakers to submit bids for a strategic partnership with its Proton Holdings Bhd unit.