KUALA LUMPUR: Mah Sing Group Bhd enjoyed a 85% take-up rate upon launching the first four towers of its RM1.5 billion Lakeville Residence in Taman Wahyu. Some 9,000 people showed up at its sales gallery in Jalan Sibu.

GEORGE TOWN: Zenith PMC Sdn Bhd, the main developer of the 6.5km Penang undersea tunnel, said the submission of the RM6.3 billion undersea tunnel feasibility study remains on track despite the termination of a joint venture (JV) agreement with Astral Supreme Bhd.

The JV was terminated after Astral Supreme could not fulfil its obligations as specified in the agreement.

KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld) has exceeded its sales target of RM2 billion for the current financial year ending Oct 31 (FY14), generating RM2.015 billion as of July 31, 2014.

Its projects namely EcoSky, EcoMajestic, EcoBotanic, EcoSpring and Eco Business Park I contributed to the sales performance.

KUALA LUMPUR: Genting’s Philippines-based Resorts World Manila (RWM) is spending about US$650 million (RM2.06 billion) to double its gaming and hotel capacity there, the Philippine Daily Inquirer reported yesterday.

This is part of RWM’s preparation to face stiffer competition after it became the Philippines’ first privately-operated integrated gaming resort.

CYBERJAYA: Cyberview Sdn Bhd is aiming to raise Cyberjaya to global technology hub status by 2020.  

Managing director Fariz Yahaya said the initiative would be carried out in partnership with various agencies such as the Malaysian Investment Development Authority (Mida), Multimedia Development Corp (MDEC) and InvestKL.  

KUALA LUMPUR: Datuk Wira Azhar Abdul Hamid — who had been chief executive officer (CEO) of Mass Rapid Transit Corp Bhd (MRT Corp) since September 2011 — resigned yesterday to take responsibility for the fatal mishap that occurred at the MRT worksite within the former Rubber Research Institute near Kota Damansara in Petaling Jaya on Monday night.

KUALA LUMPUR: Matrix Concepts Holdings Bhd, which reported a 41.3% jump in net profit for the second quarter ended June 30, 2014 (2QFY14), plans to double its gross development value (GDV) to at least RM800 million by the end of this year from RM409 million as at June 30.

KUALA LUMPUR: Parkson Holdings Bhd is selling KL Festival City Mall for RM349 million in cash, as the group intends to concencrate on developing larger malls to drive the department store group’s expansion plans.

UALA LUMPUR: Timber concessionaire and property developer Tadmax Resources Bhd plans to raise up to RM18.6 million by issuing some 37.276 million shares in private placement to finance the purchase of a piece of land and its property development expenditure.