PETALING JAYA: Shares of United Malayan Land Bhd (UM Land) jumped 12 sen, or 5.08%, to more than five-year high at RM2.48 on news that the low-profile property developer will be taken private by its major shareholders.
Year-to-date, the rise in UM Land's share price represented an increase of 97 sen, or 64.2%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!