Bursa Alert
Global Market
NewsUMW shares dip after denying in talks to buy Proton stake
Page 1 of 1
UMW shares dip after denying in talks to buy Proton stake
by hlk Fri 16 Dec 2011, 13:38
KUALA LUMPUR (Dec 16): UMW HOLDINGS BHD []
shares fell on Friday after the company confirmed that it had not
submitted any bid to Khazanah Nasional Bhd to acquire its 42.7% stake in
PROTON HOLDINGS BHD [].
At 9.20am, UMW fell 32 sen to RM6.52 with 24,800 shares done.
“UMW also confirms that it is not in any form of discussion with any parties in this regard,” it had said on Thursday.
It said in a statement to BURSA MALAYSIA BHD [] that it had no knowledge of a news report on Thursday about it making a presentation to Khazanah about the Proton stake.
The news report stated that UMW, which is majority-controlled by the
government’s Permodalan Nasional Bhd and the Employees Provident Fund,
was also the single largest shareholder of Perusahaan Otomobil Kedua Sdn
Bhd, the manufacturer of Malaysia’s second national car.
shares fell on Friday after the company confirmed that it had not
submitted any bid to Khazanah Nasional Bhd to acquire its 42.7% stake in
PROTON HOLDINGS BHD [].
At 9.20am, UMW fell 32 sen to RM6.52 with 24,800 shares done.
“UMW also confirms that it is not in any form of discussion with any parties in this regard,” it had said on Thursday.
It said in a statement to BURSA MALAYSIA BHD [] that it had no knowledge of a news report on Thursday about it making a presentation to Khazanah about the Proton stake.
The news report stated that UMW, which is majority-controlled by the
government’s Permodalan Nasional Bhd and the Employees Provident Fund,
was also the single largest shareholder of Perusahaan Otomobil Kedua Sdn
Bhd, the manufacturer of Malaysia’s second national car.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Proton’s shares rally on takeover talks again, DRB-Hicom up
» Proton shares up on news of deal to sell Tanjung Malim plant stake
» Proton confirms talks with GM
» GM said to revive talks with Proton
» Proton jumps on GM tie-up talks news
» Proton shares up on news of deal to sell Tanjung Malim plant stake
» Proton confirms talks with GM
» GM said to revive talks with Proton
» Proton jumps on GM tie-up talks news
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum