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Malton up as Pusat Bandar Damansara purchase on
by Cals Tue 11 Jun 2013, 18:09
Published: Tuesday June 11, 2013 MYT 10:27:00 AM
Updated: Tuesday June 11, 2013 MYT 3:38:51 PM
Malton up as Pusat Bandar Damansara purchase on
By Nadya Ngui
KUALA LUMPUR: Malton Bhd's share price rose on Tuesday to a high of 91 sen in heavy trade on reports about its purchase of Pusat Bandar Damansara from Johor Corp.
At 10.02 am, Malton was up rose 4.5 sen to 88 sen. There were 47.55 million shares traded between 85 sen and 91 sen.
The FBM KLCI was up 3.01 points to 1,790.81. Turnover was 539.56 million shares done at RM331.9mil.
To recap, JCorp and Malton were embroiled in a legal case in the courts as Malton-related entities were seeking to enforce a 2009 agreement, whereby Johor Corp had supposedly agreed to sell Pusat Bandar Damansara for RM700mil.
In the latest development, StarBiz reported Johor Corp chief executive officer Datuk Kamaruzzaman Abu Kassim as saying on May 29 that the deal involving the sale of its prized real estate asset Pusat Bandar Damansara to Malton would go ahead as planned within six months, subject to conditions being met.
Updated: Tuesday June 11, 2013 MYT 3:38:51 PM
Malton up as Pusat Bandar Damansara purchase on
By Nadya Ngui
KUALA LUMPUR: Malton Bhd's share price rose on Tuesday to a high of 91 sen in heavy trade on reports about its purchase of Pusat Bandar Damansara from Johor Corp.
At 10.02 am, Malton was up rose 4.5 sen to 88 sen. There were 47.55 million shares traded between 85 sen and 91 sen.
The FBM KLCI was up 3.01 points to 1,790.81. Turnover was 539.56 million shares done at RM331.9mil.
To recap, JCorp and Malton were embroiled in a legal case in the courts as Malton-related entities were seeking to enforce a 2009 agreement, whereby Johor Corp had supposedly agreed to sell Pusat Bandar Damansara for RM700mil.
In the latest development, StarBiz reported Johor Corp chief executive officer Datuk Kamaruzzaman Abu Kassim as saying on May 29 that the deal involving the sale of its prized real estate asset Pusat Bandar Damansara to Malton would go ahead as planned within six months, subject to conditions being met.
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