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FINWIRES

Capital World Starts Fit-Out at Mustafa Centre's First Outlet at Malaysian Mall; Shares Surge 100%

-- Capital World (SGX:1D5) began fit-out and renovation works at Mustafa Center's first outlet at Capital City Mall in Johor Bahru, Malaysia, according to a Monday filing with the Singapore Exchange.

Shares of the property development projects company surged over 100% in Tuesday's trading.

The project will initially focus on a 240,000-square-foot area on the ground floor at the Capital City Mall, with the retailer's outlet expected to open before the first quarter of 2027.

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