KUALA LUMPUR: Shares in Pinehill Pacific Bhd
(PinePac) jumped by a maximum trading limit on Friday after the loss making company announced a plan to sell its oil palm estate in Perak to United Plantations Bhd for RM413.57mil cash.
At 3.13pm, the stock was up 30 sen to 44 sen with 765,300 shares traded.
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