Thursday, 10 May 2012

Sime Darby up on mall plan with CapitaMalls

KUALA LUMPUR (May 10): SIME DARBY BHD [] shares rose on Thursday after its unit Sime Darby Property and CapitaMalls Asia Ltd sid they would jointly develop a RM500 million shopping mall in Taman Melawati in the Klang Valley.

At 9.22am, Sime Darby was up four sen to RM9.81 with 65,800 shares done.

In a joint statement Wednesday, the two companies said they had entered into a conditional agreement to form a 50:50 joint venture to develop the mall on a freehold site in Taman Melawati.

Sime Darby up on mall plan with CapitaMalls

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...