KUALA LUMPUR (Jan 23): Private property developer OCR Land Holdings Sdn Bhd had acquired today, 15 million shares or a 7.6% stake in Takaso Resources Bhd.

In a filing with Bursa Malaysia, Takaso (fundamental:1.25; valuation: 0.3) announced that OCR had acquired the shares today via direct business transaction, and raised its direct interest in Takaso to 13.88% or 27.5 million shares.

KUALA LUMPUR (Jan 23): EUPE Corporation Bhd’s net profit increased 5.86% to RM3.43 million or 2.68 sen a share in its third quarter ended Nov 30, 2014 (3QFY15), despite revenue fallen by 22.44% to RM40.88 million.

For the cumulative nine months (9MFY15), net profit was down 14.62% to RM7.71 million, while revenue had dropped 1.43% to RM134.15 million.

KUALA LUMPUR (Jan 23): Flood victims can withdraw their Employee Provident Fund (EPF) savings from Account 2 to purchase or rebuild their homes, said EPF in a statement.

Those who have never made the withdrawals for housing and wish to rebuild their homes destroyed by the floods, can also do so by applying with the fund, it said.

PENANG will witness a gathering of property experts and industry players at the inaugural Penang Property Summit 2015. It will be held from Jan 9 to 11 at the sPICE Arena Penang (Pisa).

The summit is seen as a timely event, given the rapid pace of property development on the island and growing concerns about rising prices and the environment.

KUALA LUMPUR: St James Group Ltd will launch Smithfield Square serviced apartments to the Malaysian public at the Westin Kuala Lumpur hotel this weekend.

MELAKA: Hatten Group Sdn Bhd launched Harbour City, a six-acre (2.43ha) mixed-use marine-themed development located on the eastern shores of Pulau Melaka, last Saturday. The launch was held at the grand foyer of Terminal Pahlawan in Melaka.

MELBOURNE: Australian developer R Corp Pte Ltd  launched its Melbourne project, The York, in Hong Kong last month.

KUALA LUMPUR: The 14% decline in the value of the pound against the US dollar since last summer is a significant boost to many overseas buyers with dollar assets, according to Black Brick managing partner Camilla Dell. Black Brick is an independent property buying agency covering London and the home counties of Kent, Surrey and Sussex.

KUALA LUMPUR: Another landmark appears in Jalan Sultan Ismail with the opening of Quill City Mall by Quill Group of Companies.

Officially launched on Sunday, the ceremony was officiated by Tourism and Culture Minister Datuk Seri Mohamed Nazri Abdul Aziz.

KUALA LUMPUR (Jan 23): RHB Research has downgraded Hua Yang Bhd to “Neutral” (from Buy) with an unchanged target price of RM2.28 in light of the challenging property market.

In a note Friday, the research house said take-ups for new launches had been slow, and it expects this trend to continue in the near future.