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Monday, November 22, 2010

MRCB, IJM Land up news report

Malaysian Resources Corp and IJM Land Bhd rose in Kuala Lumpur trading after the two property developers said they are considering various corporate proposals, responding to a Business Times report they may merge.

Shares of Malaysian Resources rose 1.4 per cent to RM2.15 at 9:05 a.m. local time, set for its highest close since Nov. 11.

IJM Land gained 3.7 per cent to RM3.08.

By Bloomberg

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