The Edge Financial Daily-Selasa, 10 January 2012

KHSB, KPS up on privatisation talk


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Petaling Jaya: The share price of Kumpulan Hartanah Selangor Bhd (KHSB) and its largest shareholder Kumpulan Perangsang Selangor Bhd (KPS) both rose to multiple-month highs yesterday, following a report in The Edge weekly that KPS could privatise KHSB as part of a restructuring exercise.

KHSB's stock rose by 13.5 sen or 37% to 50 sen yesterday, closing at its highest level in almost a year.

The property company's stock was the most actively traded stock on Bursa Malaysia yesterday with close to 107 million shares transacted.