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DRB-Hicom jumps almost 7 per cent
Published Thu, Aug 4, 2016 · 09:50 PM
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Kuala Lumpur
DRB-Hicom Bhd jumped nearly 7 per cent to RM1.09 on Thursday after it said it was proposing to dispose of its majority interest in Corwin Holding Pte Ltd to Singapore's Lum Chang Holdings Ltd. Corwin owns The Verge commercial development.
Even so, Hong Leong Investment Bank analyst Daniel Wong believes the recent bullishness in DRB- Hicom's shares has little to do with the proposed disposal of The Verge which DRB-Hicom sa…
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