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HDBSVR: Buy Sunway Holdings at RM1.49, TP RM1.95

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) has a Buy call on Sunway Holdings with a sum-of-parts target price of RM1.95

Sunway had on Thursday, April 1 accepted the letter of award for a RM88 million contract from KLCC Holding Sdn Bhd to build Phase 2 of Impiana KLCC Development.

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Hua Yang earmarks Senawang Link as industrial hotspot

Kuala Lumpur: Hua Yang Bhd is undertaking a RM45 million commercial cum industrial development in Seremban, Negeri Sembilan, a project earmarked as an industrial hotspot for business owners seeking a strategic address and investors scouting for viable investments.

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EPF must not take unnecessary risks, warns Pua

KUALA LUMPUR: DAP National Publicity Secretary Tony Pua on Thursday, April 1 urged the Employees Provident Fund (EPF) to refrain from taking unnecessary investment risks and "over-stretching" the limits of its role under the government's New Economic Model (NEM).

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Brem Holdings acquires 49% stake in Topaz Teguh

KUALA LUMPUR: Brem Holdings Bhd has acquired a 49% stake in Topaz Teguh Sdn Bhd for RM1.2 million.

The 49% stake, which represents 1.9 million shares, was acquired by Brem Holdings’ unit Naga Istimewa Sdn Bhd from Hong Wey Sports Business Co Ltd, the company said in a filing to Bursa Malaysia on Thursday April 1. The acquisition will be financed through internal funds.

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Hong Kong industrial land prices most expensive

HONG KONG: Prime industrial land prices in Hong Kong registered a 38% 6-month increase to become the world’s most expensive at US$1,063.59 per sq ft, according to Colliers International’s Global Industrial Highlights for the second half of 2009.

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