The market is rife with rumours of a pending corporate exercise involving Johor property counter Tebrau Teguh, giving its share price a boost. The market rumours included the possibility that Tebrau could be made a privatisation candidate by its major shareholder Tan Sri Lim Kang Hoo. Other sources reckoned that Tebrau is in focus because it is close to inking a deal to dispose some of its prized Johor land to a major Malaysian property developer. Another possibility is that Lim could be looking to embark on a fund-raising exercise aimed at raising money to carry out property development projects. (Starbiz)