Tycoon Syed Mokhtar weighing options for DRBHCOM 1619 DRB-HICOM BERHAD, sources say
(Dec 15): Tycoon Tan Sri Syed Mokhtar Albukhary is conducting a strategic review of conglomerate DRB-Hicom Bhd, according to people with knowledge of the matter.
The businessman is in talks with potential advisers on options that could involve a buyout of the firm, said the people, who asked not to be identified as the process is private. Syed Mokhtar is also weighing a stake sale or other ways to further streamline DRB-Hicom’s businesses, the people said.
Syed Mokhtar owns 56% of the Kuala Lumpur-listed firm through an investment vehicle, according to data compiled by Bloomberg. DRB-Hicom has a market value of RM2.9 billion.
Deliberations are in an early stage and no final decision had been made, said the people. Representatives of DRB-Hicom and Syed Mokhtar didn’t immediately respond to calls and emails seeking comments.
Should Syed Mokhtar decide to buy out DRB-Hicom, it would be the second of the businessman’s companies to recently delist from the local bourse. MMC Corp, a company involved in ports and logistics, power generation and engineering and construction, was taken private in 2021.
DRB-Hicom bought a controlling stake in domestic automaker Proton Holdings Bhd in 2012 from state-owned Khazanah Nasional Bhd. It sold 49.9% of the firm in 2017 to China’s Zhejiang Geely Holding Group Co, a deal that also gave Geely a majority interest in iconic British sports car brand Lotus Cars.
The Malaysian conglomerate’s automotive division has a complex that assembles about 17,000 units annually, with brands like Mercedes, Suzuki and Isuzu, according to its website. As a top defence contractor in the country, DRB-Hicom is also involved with the development, assembly and distribution of military vehicles for the Malaysian Armed Forces.
Its other interests include Bank Muamalat, a full-fledged Islamic lender, national postal service provider Pos Malaysia Bhd as well as investments in real estate, the website shows.
http://www.theedgemarkets.com/article/tycoon-syed-mokhtar-weighing-options-drbhicom-sources-say
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Portfolio Summary for June 20252 days ago
-
-
Portfolio Update Q2 20252 days ago
-
-
-
Portfolio (June 30, 2025)2 days ago
-
Portfolio (June 30, 2025)2 days ago
-
-
Portfolio Update June 20252 days ago
-
-
-
-
-
Month of June 20252 days ago
-
June 2025 Updates2 days ago
-
-
-
-
-
-
-
Batisht crazy!5 days ago
-
-
Will SORA crash to 1 per cent?5 days ago
-
-
-
Hello world!1 week ago
-
-
Cut back some exposure1 week ago
-
-
-
-
-
-
8 tips for house moving1 week ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
May 2025 Portfolio4 weeks ago
-
-
-
Thakral - Gem life deal finally coming?5 weeks ago
-
-
-
-
-
Clarity1 month ago
-
The Trump Tariffs1 month ago
-
Selling HRnet and Fiverr1 month ago
-
-
-
-
Ignore the noise and be calm2 months ago
-
-
-
-
FAQ on Quantitative Investing Part 22 months ago
-
-
-
-
Crossing the 300k Mark [in a volatile period]2 months ago
-
-
-
-
-
-
-
-
-
ETF vs Mutual Fund: Which is Better?5 months ago
-
-
-
-
-
-
Arigato Everyone! A Decade of Blogging!6 months ago
-
Top 10 Highlights of 20246 months ago
-
-
-
Union Square Residences8 months ago
-
-
-
STI ETF9 months ago
-
-
-
Unibet Casino Bonus Codes 20249 months ago
-
-
-
-
The Stigma against Early Retirement (FIRE)11 months ago
-
Monthly IBKR Update – June 202411 months ago
-
-
-
-
-
-
-
-
-
Feb 2024 Expenditure1 year ago
-
-
-
-
-
-
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
Hello SP Group, I'm Back!2 years ago
-
-
-
A New Light2 years ago
-
-
-
-
-
2022 Thoughts, Hello 2023!2 years ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
-
-
-
-
-
-
What is Overemployment3 years ago
-
Terra Hill Condo (former Flynn Park)3 years ago
-
Alibaba VS Tencent: The Battle Royale3 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Home
articles
DRBHCOM
stocks
Tycoon Syed Mokhtar weighing options for DRBHCOM 1619 DRB-HICOM BERHAD, sources say