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THE market rally that had centred on the Mesdaq Market became more broad-based yesterday as the share prices of many blue chips advanced, pushing the Kuala Lumpur Composite Index (KLCI) 10.5 points higher to a near eight-month high of 941.6.
Food and beverage companies as well as consumers will continue to enjoy low sugar prices for at least three more years despite the recent hike in sugar price globally.
Eastern Oriental Bhd (EO) shareholders yesterday approved the group's recapitalisation exercise that will raise between RM220mil and RM327.2mil to pare down borrowings and comply with the public spread requirement of its property unit, EO Property Development Bhd (EO Prop).
MALAYSIAN plantation companies are still on an acquisition trail for land in Indonesia this year.