KUALA LUMPUR: Pinehill Pacific Bhd
(PinePac) shares jumped by a maximum trading limit after the loss-making company announced a plan to sell its oil palm estate in Perak to United Plantations Bhd for RM413.57mil cash.
The stock closed at 44 sen, up 30 sen from the previous day’s close of 14 sen, on a volume of 2,456,100. It was among the top gainers yesterday.
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