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Sunrise executive deputy chairman buys 25% stake in Gefung

KUALA LUMPUR:Sunrise Bhd executive deputy chairman Datuk Allan Lim Kim Huat was appointed managing director of Gefung Holdings Bhd after he acquired 25.19% equity stake in Gefung Holdings Bhd.Gefung said on Sept 15 that Lim, 50, had acquired the stake, comprising of 39 million shares via an off-market deal on the same day from former managing director and major shareholder, Seo Aik Leong.Lim is

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Selling pressure on S'pore property shares could persist

SINGAPORE: The selling pressure on property shares could persist in the near term after the Singapore government announced on Monday that certain property measures would be undertaken to ensure a sustainable property market.According to a CIMB-GK Research report on Sept 15, it anticipated values to re-emerge from the measures.

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Magna Prima in RM48 million deal with Petaling Garden (Sept 4, 2009)

KUALA LUMPUR: Magna Prima Bhd is acquiring two pieces of land, totalling 28,148 sq metres in Petaling Garden from Petaling Garden Sdn Bhd for RM48.48 million.

Magna Prima says the first piece of land was 16,790.363 sq m (180,736 sq ft) while the second piece measures 11,358 sq m (122,260 sq ft) together with a row of 15 single-storey lock-up shops at Jalan 5/44 Petaling Garden.

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Affordable homes at Taman Tasik Puchong (Aug 8, 2009)

PUCHONG: LBS Bina Group Bhd has launched its latest project, Town Villa @ Taman Tasik Puchong, which will be developed over three phases.

With its affordable pricing from RM180,000 as well as the strategic location, the project has seen overwhelming response, with some 97% of 104 units under Phase 1 being fully sold within three weeks after the soft launch.

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#Updated* Prasarana budgets RM6b to RM7b to extend LRT lines

KUALA LUMPUR: Syarikat Prasarana Negara Bhd, the sole asset holder for the entire Klang Valley and Penang public transport system, is budgeting between RM6 to RM7 billion to extend the existing light rail transit (LRT) lines in operation. Prasarana group managing director Datuk Idrose Mohamed however, the amount could vary once the public display of the alignment ends in three months.

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