Economic Calendar

Thursday, June 18, 2009

Kurnia Setia Has Biggest Gain in Seven Months on Takeover Offer

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By Tien Hin Chan

June 18 (Bloomberg) -- Kurnia Setia Bhd., a Malaysian oil palm planter, jumped the most in more than seven months in Kuala Lumpur trading, after saying Kreatif Selaras Sdn. raised its offer to acquire the company’s entire business, including assets and liabilities.

The stock surged 10 percent to 2.65 ringgit at 9:04 a.m. local time, set for the steepest gain since Nov. 3.




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