Friday, July 29, 2011

Dutaland shares, warrant active on plantation sale

KUALA LUMPUR: DUTALAND BHD [] securities were actively traded on Friday, July 29 after its unit Duta PLANTATION []s sold 11,977.9ha of oil palm plantation to IOI Corporation for RM830 million.

At 11.10am, Dutaland warrants rose half a sen to 17 sen with 45.92 million units done, while the shares edged up half a sen to 62 sen with 27.29 million shares traded.

Dutaland said on July 28 that Dutaland Plantations' unit Pertama Land & Development was selling the plantation to IOI Corp's indirect wholly-owned unit Sri Mayvin Plantation.

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