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Sapura Resources advances at mid-morning
by hlk Fri 01 Jul 2011, 13:19
KUALA LUMPUR: SAPURA RESOURCES BHD [] shares rose on Friday, July 1 after the company said would be lodging an objection over the compulsory acquisition of its land in Subang Jaya to house the Universiti Kuala Lumpur Malaysian Institute of Aviation TECHNOLOGY [] (UNIKL MIAT) campus.
At 11am, Sapura Resources added 20 sen to RM1.20 with 3.63 million shares done.
It said on Thursday, June 30 that it had been served with the form “Borang H (Pemberitahu Pemberian dan Tawaran Pampasan)” where an offer of compensation for a sum of RM62.96 million had been made by the office of the Director General of the Federal Land and Mines Department, Selangor.
It said the land measuring 86,570.55 sq meters was held under PT 40446 H.S.(D) 259959 Pekan Sungai Buluh, district of Petaling.
“The company will be lodging its objection and is also taking legal advice on its other options.
“Further announcement will be made in due course,” said Sapura Resources.
At 11am, Sapura Resources added 20 sen to RM1.20 with 3.63 million shares done.
It said on Thursday, June 30 that it had been served with the form “Borang H (Pemberitahu Pemberian dan Tawaran Pampasan)” where an offer of compensation for a sum of RM62.96 million had been made by the office of the Director General of the Federal Land and Mines Department, Selangor.
It said the land measuring 86,570.55 sq meters was held under PT 40446 H.S.(D) 259959 Pekan Sungai Buluh, district of Petaling.
“The company will be lodging its objection and is also taking legal advice on its other options.
“Further announcement will be made in due course,” said Sapura Resources.
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