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Talam sells land to MAHSA for RM35 million

KUALA LUMPUR: Talam Corp Bhd, through its subsidiary Galian Juta Sdn Bhd, has agreed to sell two pieces of land measuring 41.69 acres and 8.1 acres to Malaysian Allied Health Sciences Academy Sdn Bhd (MAHSA) for RM35.41 million.

No information available on Ho Hup’s JV with Malton

KUALA LUMPUR: Ho Hup Construction Company Bhd’s new board has found “no information available” on the basis and justification of the shared ratio for the joint-development agreement (JDA) announced last week between the company and Malton Bhd, nor for Ho Hup’s reported minimum entitlement of RM265 million.

Berjaya Land records lower revenue for 3Q2010

PETALING JAYA: Berjaya Land Bhd recorded lower revenue of RM993.9 million in its third quarter ended Jan 31, 2010 (3Q2010), compared with RM1.16 billion in the previous corresponding quarter. This was mainly due to lower revenue reported by the Number Forecast Operator (NFO) business operated by Berjaya Sports Toto Bhd and the hotels and resorts division.

Sunway City appoints Ho as new MD

PETALING JAYA: Sunway City Bhd has appointed Ho Hon Sang (pictured) as its new Managing Director, Property Development, Malaysia, effective March 19, 2010.

UEM Land rights shares fixed at 80 sen

KUALA LUMPUR: The issue price of UEM Land Bhd's rights shares has been fixed at 80 sen per rights share, which is 44.1% below its five-day volume-weighted average market price up to last Friday, March 19, of RM1.43

It said on Monday, March 22 the issue price was also 34.4% below the theoretical ex-rights price of UEM Land shares of RM1.22.

Golden Palm Tree Resort to generate about RM30 mil revenue

KUALA LUMPUR: Sepang Gold Coast Sdn Bhd (SGC) is optimistic of generating a revenue of between RM20 million and RM30 million from the operation of its Golden Palm Tree Resort.

The RM300 million resort, which will open for business in Bagan Lalang, Sepang, end-June, is 80% sold to European and Middle East buyers.

Symbol Vintage completes maiden project

KUALA LUMPUR: Symbol Vintage Sdn Bhd expects its recently completed bungalow project Bukit Melawati (pictured), in Taman Melawati, Ampang to be fully taken up by the end of the month, said its managing director Jeffrey Ong Teng Buey.

IJM: Official award for Besraya Elevated Expressway

THE BUZZ

Last Friday it was announced on Bursa Malaysia that IJM had accepted the Letter of Award for the construction of the Besraya Elevated Expressway (BEE) for a fixed price lump sum of RM600 million. Construction period for the job is 36 months.