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City & Country: Briefs

SHL set to secure ownership of Wisma Sin Heap Lee SHL Consolidated Bhd is set to secure majority ownership of Wisma Sin Heap Lee, a prime commercial property near the Jalan Tun Razak and Jalan Ampang intersection in Kuala Lumpur. This will follow SHL’s acquisition of a 60% stake in Goodstock Land Sdn Bhd for RM25.56 million.

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City & Country: D’Alpinia

Hap Seng’s debut housing development in Peninsular Malaysia — D’Alpinia in Puchong — is a 90-acre project with a gross development value of RM420 million.“We want this to be a development that caters for a range of residents.

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City & Country: Briefs

SunCity to develop Sunway Parking tractSunway City Bhd (SunCity) has acquired the entire stake in Sunway Parking Management Sdn Bhd for RM12.6 million from its 52%-owned subsidiary Sunway Pyramid Sdn Bhd.

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City & Country: Briefs

E & O records robust earnings Eastern & Oriental Bhd (E&O) achieved a net profit of RM75 million and recorded strong income growth of 67% for FY2010 ended March 31.“The group’s improved position is attributable to its well-timed and successful launch of the St Mary Residences condominiums in Kuala Lumpur and Quayside Seafront Resort Condominiums in Penang,” E &

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City & Country: Briefs

Dijaya aborts Mongolia property ventureDijaya Corp Bhd has aborted a plan to acquire the remaining 75% of Mongolian property development holding company Transglobal Ltd (TGL).

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City & Country: Briefs

SunREIT’s yield may touch 7.5%Sunway REIT Management Sdn Bhd (SunREIT) has told institutional investors that its dividend yield range will be between 6.8% and 7.5%.

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City & Country: Briefs

Berjaya Land ends Korean JVBerjaya Land Bhd’s proposed joint venture with South Korea’s Jeju Free International City Development Center (JDC) to build a Themed Village project has lapsed, according to a June 22 filing with Bursa Malaysia.Berjaya said that it had decided to focus on its current joint-venture development project in Jeju with JDC.

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City & Country: Briefs

PNB to conduct study on Kampung Baru redevelopmentPermodalan Nasional Bhd (PNB), Malaysia’s largest fund manager, will conduct a study on the government’s plan to redevelop Kampung Baru.PNB president and CEO Tan Sri Hamad Kama Piah Che Othman says the study is to determine whether the redevelopment will yield competitive returns for the company following the government’s propos

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City & Country: Briefs

Relocation of Lai Meng School and Kindergarten approvedThe Ministry of Education has approved the relocation of Lai Meng School and Kindergarten from Jalan Ampang to Bukit Jalil, Magna Prima Bhd announced on Bursa Malaysia on July 1.

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City & Country: Briefs

Mah Sing acquires prime land in Klang Valley for RM276.1 millionMah Sing Group Bhd's acquisition spree is continuing with the latest purchase of three plots of land, where it plans to develop projects worth a combined gross development value of RM1.1 billion.

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