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Monday, December 29, 2008

Rumors on Gamuda

These are the market rumors on Gamuda:

  1. Datuk Lim Yon Ling, MD of Gamuda, will buy back Gamuda’s shares and emerge as a substantial shareholder again.
  2. Gamuda might merge with IJM. According to filing, EPF has built up a substantial 5.8% stake in Gamuda recently and continues to buy up more. Interestingly, EPF also holds 20% shares in IJM.

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