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
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
