DRB announced it is not aware of any proposals.

"We refer to the letter dated 9 December 2010 from Bursa Malaysia Berhad with regard to the above article appeared in the New Straits Times, Business Times, Cover Page on Thursday, 9 December 2010, in particular to the following sentences :

(i) “Tan Sri Syed Mokhtar Al Bukhary is believed to be considering taking auto and banking group DRB-HICOM private….”
(ii) “There has been speculation that Syed Mokhtar could offer anywhere between RM2.20 and RM2.70 for the DRB-HICOM shares he does not own”

DRB-HICOM wishes to state that the Company is not aware of such proposal nor have we received any notice whatsoever to that effect from our holding company, Etika Strategi Sdn Bhd.

This announcement is dated 9 December 2010."

Probably why the price went down 2nd session today.

Wah this is unbelievable. Rarely see so blatant manipulation of closing prices.

For people trapped in the warrants, I think best is to buy up the cheaper mother share in last minute trading and ride it back to normal prices once the price fixing date is completed. Tomorrow morning might already be trading at normal prices for mother share because they only need to manipulate the closing prices.

I'm boycotting Call warrants.

But definitely this OSK should be UMA for this blatant manipulation of prices.