News

UEM Land disposes of 20% stake in TnG to PLUS for RM33.406 mil

KUALA LUMPUR: UEM Land Holdings Bhd is proposing to dispose its entire 20% equity interest in Touch `N Go Sdn Bhd (TnG) to PLUS Expressways Bhd for RM33.406 million.

The proposed disposal is expected to result in a net gain of RM26.4 million, it said in a filing with Bursa Malaysia today (April 28).

READ MORE
News

Alor Setar city to get facelift by 2012

ALOR SETAR: Alor Setar city will get a facelift by 2012 with the completion of Plaza Tunku Yaacob, a four-star hotel and condominiums.

Kedah Menteri Besar Datuk Seri Azizan Abdul Razak said the buildings would become new landmarks for the city under a new concept to attract tourists to the state.

READ MORE
News

Sunway Holdings buys land for RM37.793 million

PETALING JAYA: Sunway Holdings Bhd has entered into a sale and purchase agreement with Taman Equine Riding Sdn Bhd to purchase a 33.37 acre plot of land in the vicinity of Taman Equine in Subang Jaya, Selangor, via the former’s wholly-owned property development subsidiary, SunwayMas Sdn Bhd, for RM37.793 million.

READ MORE
News

Fajarbaru's net profit up 23% in 3Q2010

PETALING JAYA: Fajarbaru Builder Group Bhd’s net profit rose 23.4% to RM6.553 million in its third quarter ended March 31, 2010 (3Q2010), from RM5.311 million in the same period last year.

Revenue for 3Q2010 jumped 26% to RM43.448 million from RM34.478 million recorded in the same quarter last year.

READ MORE
News

RM303 mil for relocation of eight squatter settlements in JB

JOHOR BAHRU: Residents in eight squatter settlements along the banks of Sungai Tebrau will be offered affordable flat units with better amenities under the squatter resettlement programme.

According to the Media and Communications Unit (Medkom) of the Johor Menteri Besar's Office, the programme costing RM303 million was among the biggest in Johor currently.

READ MORE
News

Malaysia to host its first carbon-free conference

KUALA LUMPUR: Malaysia will be holding its first carbon-neutral conference next week.

The conference on Sustainable Buildings South-East Asia (SB10SEA), which is taking place at the Kuala Lumpur Convention Centre from May 4 to 6, 2010, is the first carbon-neutral event to be held in the country and is organised under the auspices of the UN.

READ MORE
News

#Update* Selangor Properties targets new launches this year

KUALA LUMPUR: Selangor Properties Bhd has lined up several property launches in Damansara Heights, Gombak and Selayang this year.

Among these is a high-end condominium on Jalan Batai in Damansara Heights, group financial controller Lee Boon Kian told the media after the company’s annual general meeting here on April 28.

READ MORE