Wednesday, June 29, 2011

E&O jumps on township project in Johor

Eastern & Oriental Bhd, a Malaysian property group, rose the most in two weeks after forming a joint venture with Khazanah Nasional Bhd and Temasek Holdings Pte LTd to develop a “wellness” township project in the southern Johor state.

The stock climbed 3.9 per cent to RM1.62 at 9:07 a.m. local time in Kuala Lumpur trading, set for its biggest gain since June 15.

By Bloomberg

No comments:

Post a Comment