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China home prices drop for 4th straight month

BEIJING (Jan 4): Average home prices in key Chinese cities edged down 0.3% in December from November, the fourth consecutive monthly decline in the face of government measures to restrain an exuberant housing market, a private survey showed on Wednesday.

Public urged to cooperate with MPK to keep Perlis clean

KANGAR (Jan 3): Perlis Menteri Besar Datuk Seri Dr Md Isa Sabu on Tuesday launched a cleanliness programme for the Simpang Empat area which is under the Kangar Municipal Council (MPK) area.

He said the programme was launched as part of an effort to make Perlis the cleanest state in the country and in line with making Perlis a developed state by 2015.

Nilai Resources gets RM27m price reduction from major shareholder

KUALA LUMPUR (Jan 3): Nilai Resources Group Bhd's subsidiary has received a RM27.36 million discount on the purchase price of LK Prisma Sdn Bhd by Lapangan Kota Sdn Bhd.

Nilai Resources said on Tuesday its subsidiary BBN Development Sdn Bhd had on Dec 31, 2011 received a revised letter of offer from Lapangan Kota to sell the company for RM91.08 million.

LBS Bina targets RM1b annual property sales

PETALING JAYA (Dec 4): LBS Bina Group Bhd is targeting RM1 billion worth of annual property sales in the near term as the company focuses on various segments of the residential market apart from commercial and industrial real estate.

Mah Sing call warrants actively traded, shares up

KUALA LUMPUR (Dec 30): Mah Sing Group Bhd's call warrants surged in active trade on Friday, accounting for 41 million units transacted.

At 3.36pm, Mah Sing-CE was up one sen to 2.5 sen with 23.269 million units done while Mah Sing-CB jumped 4.0 sen to 7.5 sen with 20.76 million units transacted.

Fosun threatens to preempt SOHO's latest Shanghai deal

HONG KONG (Dec 30): Chinese conglomerate Fosun Ltd said on Friday that it was surprised by SOHO China Ltd's RMB4 billion (RM2.01 billion) acquisition of a stake in a Shanghai property project in which it holds a 50% interest, and believes it has the right to preempt the deal.