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Damansara Realty Rises to 28-Month High on Project Transfer Plan

Damansara Realty Bhd., a Malaysian builder and property developer, rose to its highest level in more than 28 months after The Edge reported that its parent Johor Corp. may transfer property projects to the company.

The stock gained 6.7 percent to 88 sen at 9:16 a.m. local time in Kuala Lumpur trading, set for the highest close since June 16, 2009.

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