Shored up by Heavyweights. The FBM KLCI closed 5.72 points higher at 1,517.44 points on the back of buying interest in key heavyweights Genting, KLK, PPB, Public Bank and Petronas Gas. Today’s corporate news include Jelas Ulung saying it does not plan on asking the Government for an extension in PLUS Expressway’s concession period as part of its RM26bn offer to buy the company and has also stated its commitment to place a RM50m bidding deposit, Wah Seong’s subsidiaries have disposed of their respective stakes in DrilBits International and DrilTools International for RM8.3m and RM14.9m respectively, Sunway City has proposed to acquire 64.3 acres of land near Johor for RM134.5m, and the Selangor Turf Club has granted
Berjaya Land an extension to Jan 2012 to fufill the conditions pursuant to the proposed acquisition of the 244.7-acre leasehold property in Sungei Besi. Taking the cue from the Dow’s overnight positive close, the local bourse could scale higher today.
Berjaya Land an extension to Jan 2012 to fufill the conditions pursuant to the proposed acquisition of the 244.7-acre leasehold property in Sungei Besi. Taking the cue from the Dow’s overnight positive close, the local bourse could scale higher today.
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