Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Monday, March 15, 2010

Talam settles RM241m debt, stock surges

Talam Corp, a Malaysian property developer, said it signed an agreement to repay debts of RM241.4 million owing to the Selangor state government.

Talam will sell its properties to help settle the debts, the company said in a statement today.

The shares of Talam jumped the most in more than four months after the agreement.

The stock surged 17 per cent to 13.5 sen at 2:36 pm local time in Kuala Lumpur trading, set for the steepest gain since November 2.

By Bloomberg

No comments: