Automotive in malaysia

A privatisation-cum restructuring exercise of HICOM Holdings, Diversified Resources Berhad (DRB) and Gadek (Malaysia) Berhad (Gadek) was undertaken in November 1995. In this exercise, the government's investment holding arm, Khazanah Nasional sold 32% of its stake in HICOM Holdings Berhad (HICOM) to Gadek through Mega Consolidated Sdn. Bhd

This was followed by the corporate merger and consolidation exercise under which DRB took over Gadek, Gadek Capital Berhad (Gadek Capital) and HICOM via share swaps. The merger saw the birth of the DRB-HICOM Group, a diversified entity with interests in the automotive industry property development and infrastructure, and services. Before the merger, each of the companies had its own beginnings.

Diversified Resources Berhad was incorporated on August 28, 1990 had an authorised capital of RM350 million and a paid-up capital of RM263. It was first set up as a public company to restructure the then public listed company Imatex Berhad which now conc...