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Dutaland at 23-month high on land sale

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Dutaland at 23-month high on land sale

Post by hlk Fri 29 Jul 2011, 10:06

Dutaland Bhd, a Malaysian plantation and property group, rose to a 23-month high after agreeing to sell oil-palm land to IOI Corp for RM830 million.

The stock climbed 3.3 per cent to 63.5 sen at 9:15 a.m. local time in Kuala Lumpur trading, set for the highest close since Aug. 13, 2009. -- Bloomberg

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