Visitors at the Iskandar Regional Development Authority Open House looking at the waterfront development along Danga Bay, Johor Baru.
PETALING JAYA: The market is rife with rumours of a pending corporate exercise involving Johor property counter Tebrau Teguh Bhd, giving its share price a boost.
In early trade yesterday, the stock went up five sen to RM1.49 but retreated to close at RM1.43 on a volume of some 6.6 million shares. Still, it is up close to 15% since the beginning of the month, outpacing the broader market which is up by 3%.
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