Harn Len shares jump 10% on confirming plan to dispose of estates

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KUALA LUMPUR (March 5): Harn Len Corp Bhd shares rose 10% this morning after it confirmed a report in The Edge Malaysia weekly that it is seeking to dispose of its estates through an open tender.

At 9.06am, Harn Len rose 5 sen to 55 sen with 87,000 shares done

Harn Len said it is considering disposing of its estates located in Pahang together with an oil mill through an open tender to be handled by an authorised property agent, namely PA International Real Estates (JB) Sdn Bhd.

The group said the property agent had advertised in newspapers to invite interested bidders for the tender.

According to The Edge report, Johor-based Harn Len is seeking to sell the 5,230-acre Senang Oil Palm Estate and 5,250-acre Lian Hup Estate located in Keratong.