KUALA LUMPUR (Mar 6): The independent adviser for the takeover of S P Setia Bhd by Permodalan Nasional Bhd (PNB) has recommended shareholders reject the offer of RM3.95 a piece for the shares PNB does not already own in the company. However, it advised warrant holders to accept the warrant offer of 96 sen each.

KUALA LUMPUR (Mar 6): Penang-based developer Ivory Properties Group Bhd plans to launch projects worth RM1.4 billion in gross development value (GDV) this year, the company said in a statement after its EGM on Monday.

These projects are The Latitude in Mount Erskine, Penang Times Square phases three and four, City Mall and City Residence in Tanjung Tokong.

PETALING JAYA (Mar 6): Integrated marine engineering outfit Benalec Holdings Bhd is slated to make a net gain of RM8 million from the sale of two plots of land in Melaka to Asal Harta Sdn Bhd for RM18 million, or RM45 per sq ft (psf).

WCT Bhd (Mar 5, RM2.66)

PETALING JAYA (Mar 7): Tan Sri Danny Tan Chee Sing is looking to inject his privately-held assets — valued at some RM1.1 billion — into Dijaya Corp Bhd, which will transform the company into one of the largest property firms in the country in terms of market capitalisation.

KUALA LUMPUR (Mar 6): Bukit Kiara Properties Sdn Bhd (BKP) has completed the Vogue Tower, the third tower of the developer's Verve Suites project in Mont'Kiara.

KUALA LUMPUR (Mar 6): Transaction volume and prices in Asia's luxury residential market will likely see further softening in the coming months due to tighter financing, lower buyer interest, and some developers offering discounts or cheaper units, said international property consultancy CBRE Group Inc.

KUALA LUMPUR (March 5, 2012): Kuala Lumpur City Hall (DBKL) would have had to compensate Gasing Meridian Sdn Bhd RM135 million if the Sanctuary Ridge luxury homes development on the hillside of Bukit Gasing was not allowed to be developed, said mayor Tan Sri Ahmad Fuad Ismail.

For Yun Fan Yang and Leila Goncalves, nothing beats London when it comes to shopping.

Both women, who hail from China and Brazil respectively, frequently travel to the British capital for a spot of retail therapy. Recently interviewed by the Evening Standard in central London’s shopping districts, they named Burberry, Harrods and Smythson as some of their favourite stores.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) tightened guidelines on consumer lending have started to work. Banking indicators have started to show a contraction in loan applications and approvals in January, while loan growth has moderated.