E&O gains on getting Penang nod

Eastern & Oriental Bhd, a Malaysian property developer, rose the most in three weeks in Kuala Lumpur trading after winning state approval for the second phase of a development in Penang.

The stock gained 2.6 per cent to RM1.20 at 9:11 a.m. local time, set for its biggest increase since March 23. — Bloomberg

SOURCE: Business Times

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