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City&Country: Cover Story-- Shifting up a gear

Dolomite Corp Bhd has been steering a steady but rather conservative path over the years. However, this is set to change as the low-profile group adopts a more aggressive stance to expand its property development and power businesses.

Oriental buys Kingsley Hotel

KUALA LUMPUR (Feb 3): Oriental Holdings Bhd has acquired the Kingsley Hotel in central London for a cash consideration of £42.71 million (RM203.9 million) on Thursday.

This marks one of the biggest acquisitions by the RM3.3 billion market cap company in recent years and comes at a strategic time with the upcoming Olympic Games in London.

MBSB net profit jumps 123% to RM325m

KUALA LUMPUR (Feb 3): Malaysia Building Society Bhd (MBSB) saw its bottom line soaring 122.87% to RM325.4 million last year compared with RM146 million a year earlier. The improved performance was on the back of higher income from its Islamic banking operation via the expansion of personal financing.

MKH soars to 15-year high after selling non-halal unit

KUALA LUMPUR (Feb 3): Shares in MKH Bhd climbed to their highest in 15 years in active trading as the company attracts fresh interests from institutional investors after having sold its non-halal livestock farming business last month.

Zelan to have 51% stake in CIQ complex

KUALA LUMPUR (Feb 3): Zelan Bhd will have a 51% interest in the proposed development of the Integrated Immigration, Custom, Quarantine and Security Complex at Bukit Kayu Hitam, Kedah.

Knusford gets 2 Johor projects

KUALA LUMPUR (Feb 3): Knusford Bhd's 40%-associate company CBD Development Sdn Bhd has received a letter of intent from Unit Perancang Ekonomi Negeri Johor for two projects.

Beijing bans low-income families from reselling subsidised apartments

BEIJING (Feb 3): Beijing has banned low-income families who have purchased government-subsidised apartments from reselling them on the market, a practice that has long been criticised since the country's property boom began several years ago, officials said on Thursday.