PETALING JAYA: Shangri-La Hotels (M) Bhd
rose 2.38% to a four-month high, as market speculation had it that it could be ripe for privatisation by Kuok Brothers Sdn Bhd, a family investment vehicle of Robert Kuok.
Although there has been no formal announcement, analysts raised the possibility of Shangri-La Malaysia being privatised based on the recent move by its major shareholder.
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