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Monday, June 25, 2012

Malaysian Res Corp up on prime land deal

Malaysian Resources Corp, a property and construction group, climbed 2.2 per cent to RM1.86, bound for its highest close since April 3.

The company may win a deal to develop prime land in Kuala Lumpur, the Business Times reported, citing people it didn’t name.

Malaysian Resources Chief Executive Officer Mohamed Razeek Hussain Maricar couldn’t be reached for comment when phoned at his office today as he was in a meeting.

By Bloomberg

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