KUALA LUMPUR: Low Yat Group’s development Shiki Niseko on Hokkaido Island in Japan has teamed up with Japanese hot spring hotel Moku No Sho by established Japanese resort provider Tsuruga Group to mutually promote their establishments and tourism on the island.

KUALA LUMPUR: More than 5,000 registrants have signed up to attend the preview of YTL Land & Development Bhd’s Midfields 2 at Starhill Gallery in the city centre this weekend. Midfields 2 is a 9.26-acre (3.75ha) condominium project in Jalan Besi Kawi, off Lebuhraya Sungai Besi. The leasehold development comprises three 21-storey blocks with 792 units.

KUALA LUMPUR: Eco World Development Group Bhd is likely to propose a major rights issue and the acquisition of property assets worth about RM2 billion from private vehicles controlled by its major shareholders today, said sources.

KUALA LUMPUR: Century Logistics Holdings Bhd aims to grow its local supply chain solutions business, with a focus on its core competency of logistics.

KUALA LUMPUR: UEM Sunrise Bhd has set a lower revenue growth target of 20% for the current financial year ending Dec 31, said chairman Tan Sri Dr Ahmad Tajuddin Ali.

Last year, the company fell slightly short of its 30% revenue growth target after having decided to defer some of its property launches to adapt to the changing market conditions.

KUALA LUMPUR: The manager of UOA Real Estate Investment Trust (REIT), UOA Asset Management Sdn Bhd (UOAAM), expects its dividend from the property trust to be consistent this year, despite concerns of higher cost of funds as well as the spike in utility tariffs.

KUALA LUMPUR: Gadang Holdings Bhd is confident that its revenue for the financial year ending May 31, 2014 (FY14) will exceed FY13’s revenue of RM354.07 million, based on its performance in the first two quarters.

KUALA LUMPUR: Comintel Corp Bhd has entered into a sale and leaseback agreement with AmanahRaya REIT (ARREIT), which entails selling its property in Shah Alam, Selangor for RM30 million cash and subsequently leasing it back from the real estate investment trust.

KUALA LUMPUR: Bintai Kindenko Pte Ltd, a 69.82%-owned subsidiary of Bintai Kinden Corp Bhd (BKCB) has secured a subcontract for a project known as Mapletree Business City2 in Singapore.

KUALA LUMPUR: The Employees Provident Fund (EPF) has emerged as a substantial shareholder of property development group UEM Sunrise Bhd.

A Bursa Malaysia filing yesterday showed that the EPF had on April 18 acquired 678,000 shares in a direct transaction. The price at which the shares were transacted was not disclosed.