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JAKS up, RHB sees sum-of-parts FV at RM2

KUALA LUMPUR: JAKS Resources Bhd's share price advanced in mid-morning on Wednesday, April 14 after RHB Research sees sum-of-parts (SOP) fair value at RM2 due to Vietnam power plant, dam and property joint ventures.

At 11am, it was up 1.5 sen to 84.5 sen with 6.53 million shares done.

EPF allows offer in MRCB to lapse

KUALA LUMPUR: The Employees Provident Fund Board (EPF) has allowed its conditional takeover offer of construction and property development firm Malaysian Resources Corp Bhd (MRCB) to lapse after receiving acceptances amounting to only 3.34% comprising 45.64 million shares.

Savills Research: Value of prime residential property in London up again

LONDON: Savills Research expects the introduction of the new 5% stamp duty tax on properties of more than £1 million (RM4.98 million) may provide a short boost to the central London market over 2010 and 2011 as buyers seek to complete deals before its introduction in April 2011.

Gadang director buys shophouse from subsidiary

KUALA LUMPUR: A director of Gadang Holdings Bhd, Ling Hock Hing entered into a sales and purchase agreement with Mandy Corp Sdn Bhd (MCSB), a wholly owned subsidiary of Gadang for a 3-storey retail shopoffice located in MCSB’s development, M Avenue in Segambut, Kuala Lumpur.