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DRB-Hicom Bhd (DRBM.KL)

DRBM.KL on Kuala Lumpur Stock Exchange

21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

DRB-Hicom Bhd posts qtrly loss attributable of 169.7 mln RGT‍​
Friday, 25 Aug 2017 05:23am EDT 

Aug 25 (Reuters) - DRB-Hicom Bhd ::Qtrly loss attributable 169.7 million rgt‍​.Qtrly revenue 3.34 billion rgt.Year-ago qtrly revenue 2.50 billion rgt; year-ago qtrly loss attributable 169.3 million rgt.  Full Article

DRB-Hicom anniunces termination of LSSSA between rebak and NGFZ
Wednesday, 23 Aug 2017 05:55am EDT 

Aug 23 (Reuters) - Drb-hicom Bhd :Rebak Island Marina Bhd and Northern Gateway Free Zone Sdn mutually agreed to terminate lssa via execution of lssa termination agreement.Refers to announcement on 21 Dec, 2011 wherein a land status swap agreement entered into between Rebak and NGFZ.Says according to revised refund terms refund 76 million rgt (free of interest) within 30 days from date of lssa termination agreement.  Full Article

DRB-Hicom updates on proposed share subscription and divestment
Friday, 23 Jun 2017 06:09am EDT 

June 23 (Reuters) - DRB-Hicom Bhd :Signed definive agreement for China’S Zhejiang Geely Holding group to take 49.9% equity in Malaysia’S first carmaker, Proton Holdings Berhad.Group also sold its entire stake in Lotus Advance Technology Sdn Bhd to ZGH and Eka Automove Sdn Bhd.Sale of 100% of indirect equity in lotus Advance Technologies Sdn. through unit, proton for a total sale consideration of about RM 550 million.Zhejiang Geely shall subscribe for new ordinary shares in Proton to be satisfied by 170.3 million rgt in cash.  Full Article

DRB-Hicom Bhd says qtrly net loss 328.5 mln rgt
Tuesday, 30 May 2017 05:58am EDT 

May 30 (Reuters) - DRB-Hicom Bhd ::Qtrly net loss 328.5 million rgt.Qtrly revenue 3.48 billion rgt.Year-ago qtrly revenue 2.63 billion rgt, year-ago qtrly net loss 790.8 million rgt.  Full Article

DRB-HICOM to divest 1.4 mln shares in Scott & English Electronics
Tuesday, 7 Mar 2017 04:58am EST 

DRB-HICOM Bhd : Proposed divestment of equity interest . Unit entered into share sale agreement with Ng Kong Chin .Agreement related to proposed divestment of 1.4 million ordinary shares in Scott & English Electronics Holdings for rgt 1.10 per share.  Full Article

Drb-Hicom posts qtrly net profit 353 million RGT
Tuesday, 28 Feb 2017 04:19am EST 

Drb-hicom Bhd : Qtrly net profit 353 million rgt; qtrly revenue 3.43 billion rgt .Year ago qtrly revenue 3.34 billion rgt; year ago qtrly loss attributable 186.2 million rgt.  Full Article

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

BRIEF-DRB-Hicom Bhd posts qtrly loss attributable of 169.7 mln RGT‍​

* Year-ago qtrly revenue 2.50 billion rgt; year-ago qtrly loss attributable 169.3 million rgt Source text : (http://bit.ly/2xic99o) Further company coverage: