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.

LONDON: Tesco, the world's third-biggest retailer, plans to float property assets in Thailand, seeking to highlight the value of overseas businesses as it battles tough trading conditions in its main British market.

PUCHONG: LBS Bina Group Bhd (LBS) has launched 3-storey semi-detached homes called Balvia at its high-end development D'Island Residence.

KUALA LUMPUR: The fate of Bandar Raya Development Bhd's (BRDB) proposed asset divestment plan is largely in the hands of offshore investors, including the company's single largest shareholder that owns a 23.57% equity stake held by Credit Suisse.

HONG KONG: A spate of bad news on the home front, including another rise in interest rates, has sent Hong Kong home prices and deal numbers tumbling.

The latest blow to market confidence came last Friday, Sept 16 when the city's two biggest home lenders, HSBC and Bank of China (Hong Kong), raised their mortgage interest rates.

HONG KONG/LONDON: An expansion in Britain's rental sector over the past 15 years has led to a proliferation of companies offering furnishing packages to landlords.

HONG KONG: The planned sale by the government of five housing plots between October and December will further dampen property market sentiment even though they will yield fewer flats than sites sold earlier this year, analysts say.

SHAH ALAM: Property developer Bolton Bhd will be launching projects with a gross development value (GDV) of RM3 billion over the next 12 months.

Executive director Chan Wing Kwong said for the current financial year ending March 31, 2012, the group has three projects to be launched with a total GDV of RM1 billion.

PETALING JAYA: Hap Seng Land Sdn Bhd will open for sale a selection of bungalows and link bungalows homes, Urbana@D'Alpinia, on Saturday, Sept 24.

The homes in the 76-arce D'Alpinia are developed under the build-then-sell concept and is located within southern golden triangle of Puchong, Seri Kembangan and Putrajaya townships.