Monday 13 February 2012

Malaysia Building rises on buyout report

Malaysia Building Society Bhd, a mortgage financing provider, climbed 4 per cent to RM2.32, on course for the highest close since August 1997.

The company’s biggest shareholder, Employees Provident Fund, is considering buying out Malaysia Building, the Star newspaper reported, citing people it didn’t identify.

Malaysia Building Chief Executive Officer Ahmad Zaini Othman couldn’t be reached for comment at his office. -- Bloomberg



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