Friday 11 November 2011

Utd Malayan gains on acquisitions

United Malayan Land Bhd, a Malaysian property developer, rose the most in almost a month in Kuala Lumpur trading after agreeing to buy Tentu Teguh Sdn Bhd and land in Iskandar, Johor, for RM11 million..

The stock gained 2.8 percent to RM1.45 at 9:30 a.m. local time, set for its biggest increase since Oct. 13. -- Bloomberg
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