Tuesday, 14 February 2012

PLS Plantations up on Iskandar stake buy

PLS Plantations Bhd advanced 4.4 percent to RM1.20 in Kuala Lumpur trading at 9.38am, set for its highest close since Dec. 5.

Iskandar Waterfront Holdings Sdn Bhd agreed to buy 23.4 percent of PLS from Kumpulan Prasarana Rakyat Johor Sdn Bhd at RM1.21 per share, according to a filing to the stock exchange. -- Bloomberg

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