Thursday 27 October 2011

Damansara slides on no asset injection plan

Damansara Realty Bhd, a Malaysian property developer, fell to a one-week low after saying its board hasn’t considered a proposal for the “potential injection” of assets into the company by its parent.

The stock slid 1.8 percent to 80.5 sen at 9:10 a.m. local time in Kuala Lumpur, set for its lowest close since Oct. 20. -- Bloomberg
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