Wednesday, December 26, 2012

Rowsley

Rowsley: Shares surged yesterday after grp announced plans to buy a huge site in Malaysia's Iskandar region and a top architectural firm by issuing up to $581m in new shares. The deal will result in Peter Lim getting about 40% of Rowsley's enlarged share capital since he owns the 9.23 ha land parcel via a JV with the royal family of Msia's Johor state. The site is near the Malaysian side of a causeway linking the two countries.
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