Thursday, July 21, 2011

KLCCP rises in early trade

KUALA LUMPUR: KLCC PROPERTY HOLDINGS BHD [] shares rose in early trade on Thursday, July 21 after the company said it expects its revenue to be boosted by RM100 million from the Lot C development project.

At 9.40am, the stock added eight sen to RM3.41 with 14,600 shares traded.

It said on Wednesday, July 20 the revenue boost from the RM1 billion Lot C development would be in the financial year 2012.

Earlier news reports said the Lot C is a new extension to Suria KLCC with office blocks and a retail podium.

Its CEO Hashim Wahir was quoted saying in July 2010 the Lot C was on schedule for completion by Oct 2011.

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