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DRB Hicom up 5% on hopes of government support

Tuesday, April 5, 2016 - 05:50

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Shares of DRB-Hicom Bhd rose 5 per cent on Monday to RM1.11 (S$0.38), as investors bet that the government would give its loss-making automotive unit Proton Holdings up to RM3 billion in soft loans and grants.

Kuala Lumpur

SHARES of DRB-Hicom Bhd rose 5 per cent on Monday to RM1.11 (S$0.38), as investors bet that the government would give its loss-making automotive unit Proton Holdings up to RM3 billion in soft loans and grants.

The likelihood of both companies being handed a lifeline is

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