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High Court sets aside Selangor Government's revocation of land approval

SHAH ALAM: The High Court here on May 24 set aside the Selangor government's revocation of the awarding of 16.9ha of state land in Bagan Lalang, Sepang, to an investment company, eight years ago.

Judge Datuk Nurchaya Arshad made the decision in chambers after hearing an application for judicial review of the case filed by Azam Cemerlang Sdn Bhd in 2004.

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TPG among bidders to buy Japan's Anabuki, say sources

TOKYO: TPG Capital and Advantage Partners are among the bidders left in the competition to buy Anabuki Construction Inc, a Japanese apartment developer that failed last year with about US$1.6 billion (RM5.31 billion) in debt, two sources with knowledge of the deal said.

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Sunway woos REIT cornerstone investors

KUALA LUMPUR: Sunway City may place out about a fifth of its planned IPO of a real estate investment trust (REIT) to cornerstone investors who have greater holding power for the shares, sources with direct knowledge of the deal said.

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Hits on China’s housing market hurt small firms

HONG KONG: The shots that Beijing aimed at deflating a soaring property market are inflicting collateral damage.

Curtain maker Pan Wei, for one, is beginning to panic as he watches his pile of order slips thins. Along with thousands of business owners, Pan is feeling the pain of a slump in property sales.

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