Thursday, June 23, 2011

UM Land rises on plans for new launches

KUALA LUMPUR: UNITED MALAYAN LAND BHD [] (UM Land) shares rose on Thursday, June 23 after the company said it plans to launch more new projects with a total gross development value (GDV) of nearly RM500 million in the financial year ending Dec 31, 2011.

At 10.15am, UM Land was up eight sen to RM1.98 with 155,900 shares traded.

UM Land group CEO said Pee Tong Lim said on June 22 that the projects from both the township and niche divisions would be within Kuala Lumpur and Iskandar Malaysia.

The projects are expected to boost the group's earnings over the next two years, he said.

No comments:

Post a Comment