Zelan Bhd, a Malaysian builder, rose the most in eight weeks in Kuala Lumpur trading after Grantham Mayo Van Otterloo & Co bought a 5 per cent stake in the company.
The stock, controlled by MMC Corp, climbed 28.9 per cent to 78 sen at 5.00 pm local time, set for its steepest gain since June 9.
Boston-based GMO bought 28.3 million shares of Zelan on Aug. 2, according to a stock exchange filing today. - Bloomberg
Read more: Zelan jumps after Grantham buys stake http://www.btimes.com.my/articles/20100804171516/Article/#ixzz0vd5fdnNA
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