Monday, August 1, 2011

Dutaland securities active, up at mid-morning

KUALA LUMPUR: DUTALAND BHD [] securities continued to be actively traded on Monday. Aug 1 after its unit Duta PLANTATION [] sold 11,977.9ha of oil palm plantation to IOI Corporation for RM830 million.

At 10.50am, Dutaland warrants rose half a sen to 19 sen with 7.71 million units done, while the shares edged up one sen to 61 sen with 6.25 million shares traded.

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

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