DRB-Hicom which had received acceptances totalling 98.6% of the total issued and paid up share capital of Proton Holdings Bhd will proceed to “compulsorily acquire” any outstanding shares of the latter of which had not yet sent in their acceptances.
DRB-Hicom will within two months from yesterday proceed to complete the acquisition in accordance with Section 222 of the Capital Markets & Services Act 2007. The offer to buy the shares not yet owned by DRB will remain open for acceptances until 5pm on May 9.
Proton's shares and warrants will henceforth be suspended from trading with effect from May 4, 2012.
Source: www.thestar.com.my
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