Mah Sing share price rises after land deal termination, land acquisition news

PETALING JAYA: Mah Sing Group Bhd rose slightly by 0.64% or 1 sen this morning after announcing its plans to abort the land deal in Shah Alam and purchase two more parcels of land in Cheras and Bukit Mertajam.

At 10.07am today, the shares went up slightly by 0.64% or 1 sen to RM1.58, with some 133,200 shares changing hands. Its market capitalisation stood at RM3.831 billion.

The developer yesterday announced that is has aborted the agreement to purchase 85.43 acres site in the Sultan Salahuddin Abdul Aziz Shah golf course in Shah Alam, and acquired two parcels of land in Cheras, Kuala Lumpur and Bukit Mertajam, Penang for RM307.28 million.