The crowds are back at Klang Valley shopping malls, which had been hit by the global financial crisis not too long ago.
KUALA LUMPUR: Recently listed property developer Ivory Properties Group Bhd registered a net profit of RM8.44 million for its second quarter ended June 30, 2010 (2QFY2010). Its pre-tax profit for the quarter was RM12 million, while it posted a revenue of RM25.9 million.
Its basic earnings per share was 5.98 sen.
KUALA LUMPUR: Hubline Bhd is acquiring two parcels of leasehold land and buildings in Miri for RM15 million from Many Plus Realty Sdn Bhd.
Its unit Hubline Logistics Sdn Bhd had signed two sales and purchase agreements with Many Plus Realty on Friday, July 23 for the acquisition.
KUALA LUMPUR: ACE market-listed company Equator Life Science Bhd received an offer from Sin Chew Media Corporation Bhd to purchase a piece of leasehold industrial land in Johor.
The offer for disposal involves a piece of land measuring 1.88 hectares (4.6 acres) for RM2.94 million, the company said in a filing to Bursa Malaysia on Friday, July 23.
BEIJING: China will start levying a property tax in 2012 as part of measures to regulate volatility in the real-estate market.
The annual tax will be introduced in a pilot scheme in several cities, according to the National Business Daily, citing an unidentified participant at a Ministry of Finance seminar.