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Monday, November 14, 2011

Ivory, Dijaya rise on Penang venture

Ivory Properties Group Bhd had a record gain in Kuala Lumpur trading and Dijaya Corp rose after saying they will jointly develop a property project in Penang that may generate RM10 billion of sales.

Ivory jumped 13 percent to RM1.13 at 9:06 a.m. local time. Ivory also said it plans a bonus issue and rights offer, the company said in a statement. Dijaya added 1.4 percent to RM1.41.

By Bloomberg

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