KUALA LUMPUR: The DRB-Hicom conglomerate has told the stock exchange that it has not received any notification from majority shareholder Syed Mokhtar Albukhary that he is conducting a strategic review on the company.
“The company further confirms that it has not received any notice of a buyout offer,” the conglomerate said in a filing with Bursa Malaysia today.
This was in response to a report by Bloomberg, quoting unnamed sources, that Syed Mokhtar was in talks with potential advisers on options that could involve a buyout of the firm.
DRB-Hicom said that if there is any development in the matter, it will make the appropriate announcement to Bursa Malaysia in accordance with listing requirements.
Syed Mokhtar owns a 55.9% stake in the listed company through his private vehicle Etika Strategi Sdn Bhd. - FMT
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