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DRB shares surge as investors bet on Geely buying Proton

Acquisition of Proton Holdings or its underutilised manufacturing plant in Tanjung Malim would give Geely the means to access Asean's growing car market.

Kuala Lumpur

EVEN if China's Geely Automobile Holdings has yet to ink a deal to acquire Malaysian carmaker Proton Holdings Bhd, investors believe it's only a matter of time.

Shares of DRB-Hicom, which owns Proton Holdings, rallied 6.7 per cent to RM1.27 on Monday as investors...

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