KUALA LUMPUR, Dec 16 — DRB-Hicom Bhd said it has not received any notification from Tan Sri Syed Mokhtar Albukhary Syed Nor 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. The article was carried by a few local media.
DRB-Hicom said that if there is any development in the above matter, it will make the appropriate announcement to Bursa Malaysia Securities Bhd in a timely manner in accordance with the Main Market Listing Requirements.
Syed Mokhtar currently owns a 55.9 per cent stake in DRB-Hicom through Etika Strategi Sdn Bhd. — Bernama
