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HK feng shui master charged with forging tycoon's will

HONG KONG: The ex-lover and feng shui master of late Hong Kong billionaire Nina Wang was formally charged by police on Thursday, May 26 with forgery of a will he claimed entitled him to the heiress's huge estate.

52 families in Taman Sri Gombak worry about soil erosion

KUALA LUMPUR: Fifty-two families in Taman Sri Gombak are worried about soil erosion on a hillslope taking place only about 30 metres away from their housing area.

A resident, Yusri Kamaruddin, 40, said the soil erosion occurred little by little since the end of 2009.

L&G founder Wan Azmi ceases to be substantial shareholder

KUALA LUMPUR: Land & General Bhd (L&G) founder Tan Sri Wan Azmi Wan Hamzah has ceased to be a substantial of the property group after he disposed of 3.81 million shares in May and reduced his total shareholding to 4.37%.

LTH ceases to be Brem substantial shareholder

KUALA LUMPUR: Lembaga Tabung Haji (LTH) has ceased to be a substantial shareholder of Brem Holdings Bhd after disposing of 1.177 million shares from May 12 to 16.

A filing with Bursa Malaysia showed the pilgrimage fund disposed of 500,000 shares each on May 12 and 13, and 177,000 shares on May 16.

RGB close to US$25m deal

GEORGE TOWN: RGB International Bhd (formerly known as Dreamgate Corp Bhd) is close to securing a US$25 million (RM76.8 million) contract to supply 1,000 gaming machines to one of the four casino concessionaires in Bagong Nayong Pilipino-Entertainment City Manila, said group executive director Steven Lim Tow Boon.

Rents drive retailers upstairs

HONG KONG: Rising street-front shop rentals in Hong Kong are forcing retailers to look for cheaper upstairs outlets — a trend that has allowed landlords to increase their rental income by converting former office buildings into "Ginza-style" retail complexes.

Chinese lured by great views, low taxes in Switzerland

GENEVA: A growing number of Chinese buyers are being lured to the Swiss property market, not only due to the country's beautiful scenery, but also because of its good-quality education, strong currency appreciation, and low tax rates.

Beijing leads pack in upmarket potential

BEIJING: Beijing ranks at the top of an "attractiveness ranking" of upmarket retail investment opportunities in 18 mainland cities compiled by property consultancy DTZ.

Shanghai came in second, while Guangzhou was fifth and Shenzhen lower down the scale on 17th.