Bloomberg News

Dutaland Shares Fall Most in 28 Months After Land Sale Scrapped

October 26, 2011

Oct. 27 (Bloomberg) -- Dutaland Bhd., a Malaysian plantation and property group, dropped the most in 28 months in Kuala Lumpur trading after IOI Corp. scrapped an agreement to buy the company’s oil palm land for 830 million ringgit.

The stock slid 11 percent to 54 sen at 9:01 a.m. local time, set for its steepest decline since June 18, 2009.

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net


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