External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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Equity Bottom-Up

<ul><li>DRB-Hicom (DRB) announced that it has completed the share purchase agreement (SPA) to dispose 60% equity interest in AVEE Global to AAPICO Hitech Public Company Limited (AAPICO) for a cash consideration of RM40.7m.</li><li>The disposal is to facilitate a strategic partnership with AAPICO to produce dies, jigs, hot stamping parts, body assembled parts and chassis components.</li><li>We are positive on this as it enables Proton to leverage on Aapico’s economies of scale and investment initiative to produce vehicles with better cost efficiency and quality. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

DRB-Hicom (DRB) announced that it has completed the share purchase agreement (SPA) to dispose 60% equity interest in AVEE Global to AAPICO Hitech Public Company Limited (AAPICO) for a cash consideration of RM40.7m.The disposal is to facilitate a strategic partnership with AAPICO to produce dies, jigs, hot stamping parts, body assembled parts and chassis components.We are positive on this as it enables Proton to leverage on Aapico’s economies of scale and investment initiative to produce vehicles with better cost efficiency and quality. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Malaysia

DRB-Hicom Berhad is an investment holding company. The Company, through its subsidiaries, develops, assembles, and sells motor vehicles and military vehicles as well as operates in property development and construction work. DRBHicom also trades electrical and engineering products, manages hotel and resort, provides airline and transportation services, and underwrites general insurance.

DRB-Hicom Bhd (DRB MK)

DRB-HICOM - Disposes 60% Stake in AVEE

The disposal is to facilitate a strategic partnership with AAPICO to produce dies, jigs, hot stamping parts, body assembled parts and chassis...

Public Investment Bank Bhd