KUALA LUMPUR (Nov 2): Seacera Group Bhd has aborted a plan to acquire Duta Nilai Holdings Sdn Bhd for RM220 million. Duta Nilai owns a 250-acre piece of land in Semenyih, Selangor. Duta Nilai is the holding company of Duta Skyline Sdn Bhd, which owns the land. Seacera, which is chiefly involved in manufacturing of tiles and other building materials, entered into the deal via its subsidiary Seacera Properties Sdn Bhd on April 27 this year. Seacera shares rose one sen or 1.37% to close at 74 sen today, with 280,700 shares done.

Source: The Edge Markets November 02, 2016 10:18 UTC