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Tuesday, September 20, 2011

Bandar Raya gains on malls sale plan

Bandar Raya Developments Bhd rose to its highest level in almost two weeks after saying it will sell its office and malls for RM430 million and give part of the proceeds to shareholders via a cash dividend.

The stock gained 2.5 percent to RM2.44 at 9:04 a.m. local time in Kuala Lumpur trading, set for its highest close since Sept. 8.

By Bloomberg

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