Rimbaco Group Announces Land Disposal in Pulau Pinang
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Rimbaco Group Global Limited announced the sale of two vacant lands in Bandar Jelutong, Pulau Pinang, for RM11,450,000. This transaction is classified as a discloseable transaction under Listing Rules, reflecting current market conditions and potentially impacting the company's investment property portfolio. The latest analyst rating for Rimbaco Group's stock (HK:1953) is Hold with a HK$0.50 price target.
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