SP Setia rose to a high of RM4.24 before easing to RM41.8 as at 3.25pm, while DutaLand jumped to 77 sen before easing to 74 sen. DutaLand was among the most actively traded stocks with 32.9 million shares done.
SP Setia had entered into a co-operation agreement with Hangzhou Ju Shen Construction Engineering Ltd to set up a JV to carry out a mixed property development in the province of Zhejiang, China.
The co-operation agreement marks the company's first foray into China, and its third venture overseas after Vietnam where it is developing Eco-Lakes at MyPhuoc Industrial, 42km north of Ho Chi Minh City and EcoXanh at Saigon Hi-Tech Park in District 9 of Ho Chi Minh City.
DutaLand inked an MoU with China-Boda Group to jointly develop two pieces of land in Hebei province, China and in Iskandar Regional Development in Malaysia.
By The EDGE Malaysia (by Surin Murugiah)
Posts
No comments:
Post a Comment