Bandar Raya To Be Privatized?

Published on the Business Times: Bandar Raya Dev may go down privatisation route

• July 2 2007
  
  PROPERTY developer Bandar Raya Developments Bhd (BRDB), which is planning a billion-ringgit real estate investment trust (REIT) in three years, may be taken private, sources say.
  
  "There is a lot of value in the company and its shareholders may consider a privatisation plan to unlock potential value," said a source.
  
  

No consider this. If this so-called NEWS drives the stock price UP, let's consider the implications.

If Bandar Raya denies this story, then would you consider this as a stock spam, used to drive up the stock price? If so, shouldn't there be an investigation on who the source of the misleading info? Did the source passed this information to the press with the sole objective of gaining from this misleading information?

Now if Bandar Raya does confirm such a story, do you reckon if this constituted insider trading by the source?

How?