PETALING JAYA: Landmarks Bhd
has proposed to sell its 26.6% stake in another listed firm Shangri-La Hotels (M) Bhd for a profit, as the company seeks to reduce debt and focus on its own hotel development project.
Shares in Landmarks surged to an intra-day high of RM2.26 yesterday, but settled up 30 sen at RM2.16 before trading was halted at 2.32pm after the announcement was made during the midday break.
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