WIl drb drop tomorrow?? Typically Buy on rumours , sell on news??
DRB-HICOM Bhd is not aware of talks on a proposed privatisation. In a filing to Bursa Malaysia today, the company said it was not aware of such a proposal or has received any notice from its holding company, Etika Strategi Sdn Bhd. A newspaper reported today that Tan Sri Syed Mokhtar Al Bukhary was believed to be considering taking the motor vehicle and banking group, DRB-HICOM, private and would offer between RM2.20 and RM2.70 for the shares he did not own. -- Bernama