SELANGOR: Hap Seng Land Sdn Bhd will open for sale a selection of bungalows and link houses called Urbana @ D’Alpinia tomorrow. The homes in its 76-acre (30.4ha) D’Alpinia project in Puchong are developed under the build-then-sell concept.

KUALA LUMPUR: There is hope yet for landowners to appeal for adjustments to the Mass Rapid Transit (MRT) alignment. Minister in the Prime Minister's Department Datuk Seri Nazri Aziz said he will take up the suggestions of those affected with Syarikat Prasarana Negara Bhd.

KUALA LUMPUR: S P Setia's pre-tax profit for the third quarter ended July 31, 2011 rose to RM115.82 million from RM106.24 million in the same quarter last year.

KUALA LUMPUR: Ireka Corp Bhd has acquired parcels of land in Kajang and Nilai measuring a total of 48.4 acres for RM47.2 million to build houses and mixed-use industrial properties with a gross development value (GDV) of RM700 million.

KUALA LUMPUR: Ireka Corp Bhd is currently bidding for construction projects worth RM2 billion, said group executive director, Lai Voon Hon. He said the group's current construction order book of RM1.2 billion would last until end-2012, and of this, RM370 million was outstanding.  

KUALA LUMPUR: In a surprise move, ECM Libra Financial Group Bhd has proposed the nomination of two lawyers to Eastern & Oriental Bhd’s (E&O) board. ECM Libra has emerged as a substantial shareholder of E&O in recent months.

One of the two lawyers is a director of ECM Libra and the other a director of TA Enterprise Bhd.

SBS Transit is set for a transformation over the next several years following the award of a licence to operate the Downtown Line, significantly increasing the company’s exposure to the fastest-growing segment of the local public transport system.

KUALA LUMPUR: Glomac Bhd’s pre-tax profit rose to RM32.3 million in 1QFY12 ended July 31 from RM29.47 million a year ago.

Revenue was slightly higher at RM127.83 million from RM126.31 million previously, while net profit grew by 14.7% to RM17.9 million from RM15.6 million, the property firm announced yesterday.

KUALA LUMPUR: Swift Redeem Sdn Bhd, major shareholder of Main Market-listed Pulai Springs Bhd, which made a general offer for the shares it does not already own in August, failed in its bid to secure a minimum 90% stake in the company. When the offer closed at 5pm yesterday, it only secured a 80.07% stake or acceptance from 48% of the shareholders.

KUALA LUMPUR: TA Enterprise Bhd (TAE) saw its net profit more than doubled to RM26 million for the second quarter (2Q) ended July 31 from RM10.4 million in the previous corresponding period, boosted by its hotel division.

Revenue was up 9% to RM156 million from RM143.5 million before.