KUALA LUMPUR: Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire a 4-storey office building from FBSM Holdings Bhd for RM51.25 million cash, it announced on Bursa Malaysia on Thursday, Dec 30.

KUALA LUMPUR: UEM Land Bhd is now buying 448 acres of plantation land in Bangi for a total of RM259 million from Inch Kenneth Kajang Rubber Public Ltd Co, instead of the 463 acres at RM268.5 million proposed earlier.

Investment Highlights

KUALA LUMPUR: Interest picked up recently on developer Hua Yang Bhd, sending the company's share price up 8% in three trading days to end at 99 sen on Wednesday, Dec 29.

Trading volume on the stock also rose in tandem with 328,800 shares traded on Wednesday compared with 90,500 on Monday.

KUALA LUMPUR: Master Builders Association Malaysia (MBAM) is calling for more transparency in the award of projects with the implementation of open tender systems for bidding of government projects.

KUALA LUMPUR: The Malaysia Green Building Confederation (MGBC), a non-governmental organisation, launched the online version of its first green building product and services directory GreenPagesMalaysia on Thursday, Dec 30.

HONG KONG: Sales of mass-market housing in Hong Kong have fallen by a monthly 24% so far this month following government measures to cool the overheated property market, the South China Morning Post reported on Thursday, Dec 30.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd's proposed merger has been called off after both parties failed to agree on the terms of the Memorandum of Understanding (MoU), which expired on Wednesday, Dec 29.

KUALA LUMPUR: Office occupiers in India are more optimistic than they have been in recent months, with the majority planning to take on additional office space, according to a survey of 200 office occupiers conducted by real estate consultancy DTZ.

KUALA LUMPUR: Crescendo Corporation Bhd has posted a net profit of RM8.45 million for its third quarter (3Q) ended Oct 31, 2010, more than double from RM4.08 million a year ago, on higher revenue.

Meanwhile, turnover rose 55.7% to RM59.11 million from RM37.94 million a year ago, it announced to Bursa Malaysia on Wednesday, Dec 29.