EGM of AP Land is adjourned

Yesterday, October 25, 2011 was the EGM of Asia Pacific Land Bhd. (AP Land) to vote on whether to sell the group's assets and liabilities to Low Yat Holdings (M) Sdn Bhd (LYH) for 45 cent per share or RM 305 million. LYH owns 34% of AP Land and thus will abstain from voting.

Interestingly, the EGM was adjourned to November 8, 2011. This might indicate th…