Thursday 10 November 2011

IOI Corp falls on scrapping land buy plan

IOI Corp, a Malaysian palm oil producer, fell to a two-week low in Kuala Lumpur trading after scrapping plans to buy plantation land for RM830 million.

The stock dropped 1.9 percent to RM5.07 at 9:01 a.m. local time, set for its lowest close since Oct. 24. -- Bloomberg
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