Malaysia: Land and General Bhd's
(L&G) shares have emerged among the top actively-traded stocks on Bursa
Malaysia in the early session today, pushed by plans to launch two new property
projects with a gross development value (GDV) of RM710 million.
As at 10.25am, the counter saw 45.53
million shares traded, earning half-a-sen to 22.5 sen.
On Wednesday, Managing Director, Low
Gay Teck, said the project, Sena Parc (GDV RM230 million), was expected to be
launched in November and the other residential project, Seresta (GDV RM480
million), would take off in February 2018.
He said in a news report that Sena
Parc would be developed in three phases, with the first scheduled for launch in
November.
It would comprise 543 double-storey
linked houses, he said.
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