Edge Malaysia
Newsflash
MARC lowers rating on Perwaja Steel's RM400m debt notes, outlook negative
Greece struggles on reform, lenders may face rising bill
F&N 1Q earnings fall on absence of Coca-Cola contribution, higher material costs
India court ruling to trigger telecoms industry shakeout
Ex-UBS trader refused bail as bank probe deepens
Maxbiz to submit application against Bursa’s proposed delisting plan

Categories


Updated UEM Land records biggest 1-day gains this week
Written by Joseph Chin   
Friday, 03 July 2009 15:55
KUALA LUMPUR: UEM Land Bhd’s share price had its biggest one-day gains this week on July 3 after the company said it was in talks with potential investors for its Puteri Harbour project in Nusajaya, Johor.
It closed eight sen higher at RM1.46. It was actively traded with 28.31 million shares done. The share price had fallen 26 sen from June 30 to July 2.

On July 1, UEM Land Bhd is optimistic of securing partners for its Puteri Harbour project by year end after Dubai’s Damac Properties pulled out of RM396.4 million land deal.

UEM Land managing director and chief executive officer Wan Abdullah Wan Ibrahim had said the company was in “talks with four to five potential partners including locals and from Australia and Singapore” for the project.
Dubai’s Damac Properties had in June pulled out of a deal to acquire 43.54 acres of land in Nusajaya for RM396.4 million from UEM Land after a disagreement over a second extension for the approval period.

 

  Last Updated on Friday, 03 July 2009 20:22

Other Publications & Pullouts