KUALA LUMPUR: Melati Ehsan Holdings Bhd registered flat net profit of RM1.2 million in its first quarter ended Nov 30, 2010 (1QFY2011) versus RM1.5 million the previous year, on lower revenue.

SUNGAI PETANI: The Northern Corridor Implementation Authority (NCIA) has denied reports that it plans to take over Kulim Technology Park Corporation (KTPC), the developer and manager of the Kulim Hi-Tech Park.

ALOR SETAR: The High Court here on Thursday, Jan 27 allowed an application from Tradewinds Corridor Sdn Bhd to clear over 150ha of land in Padang Terap, which was allegedly encroached upon by another party.

KUALA LUMPUR: SBC Corporation Bhd sold its 80% stake in Armada Bayumas for RM200,000.

In a filing to Bursa Malaysia on Thursday, Jan 27, the company said it sold 8,000 ordinary shares of RM1 each, representing 80% equity interest, in Armada Bayumas to YCH Development Sdn Bhd.

The principal activities of Armada Bayumas are property development and property management.

KUALA LUMPUR: Equine Capital Bhd is seeking to revoke a sales and purchase agreement (SPA) entered August last year with Jelang Puncak Sdn Bhd for a piece of leasehold land in Selangor.

In a filing to Bursa Malaysia on Thursday, Jan 27, the developer said the revocation took place because the SPA has not been completed as the conditions precedent stated have yet to be fulfilled.

KUALA LUMPUR: Fajarbaru Builder Group Bhd saw flat net profit of RM5.28 million in its second quarter ended Dec 31, 2010 (2QFY2011) from RM5.15 million the previous year, on higher revenue.

Its revenue for the quarter, meanwhile, was up 53.8% to RM58.16 million from RM37.82 million a year earlier. Its basic earnings per share stood at 3.14 sen.

KUALA LUMPUR: The recently-listed Benalec Holdings Bhd is acquiring two vessels for RM20.74 million.

KUALA LUMPUR: Space U8, Malaysia's first eco-mall developed by Mainstay Development Sdn Bhd is scheduled to open in June. The RM200 million mall located within Bukit Jelutong, Shah Alam is currently 90% complete.

KOTA BHARU: The Kelantan government today decided to re-acquire the Pasar Lambak Arked Uda site which belonged to Uda Holdings Bhd to build shop lots to reaccommodate the more than 200 former traders at the market.

HONG KONG: A luxury housing project for the elderly now under construction in North Point will include a wine cellar and fine dining restaurants — and for tenants who continue to work, a business centre.