KUALA LUMPUR: Shares in Asia Pacific Land Bhd (AP Land), a property to plantations group, settled at 42.5 sen on Wednesday, Jan 12 despite receiving an offer from Low Chuan Holdings Sdn Bhd to buy its entire business for the equivalent of 45 sen a share.

KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) has received an offer from major shareholder Low Chuan Holdings to buy its entire assets and liabilities for RM305.2 million or 45 sen per share.

Low Chuan Holdings, which is the investment vehicle of the Low Yat group, holds a 33.98% stake in AP Land, which is involved in plantation and property development.

KOTA KINABALU: The Karambunai Econature Integrated Resort is expected to create 15,000-20,000 jobs in Sabah, said Chief Minister Datuk Seri Musa Aman on Wednesday, Jan 12.

DUBAI: Malaysian construction companies and service providers should consider banding together, if they are keen on securing projects related to Qatar's winning bid to host the FIFA World Cup 2022.

Malaysia External Trade Development Corporation (Matrade) senior trade commissioner Datuk Dzulkifli Mahmud said Malaysians had to pool resources and go to Qatar as consortiums.

BUTTERWORTH: The Penang Regional Development Authority (Perda) will build 4,750 houses for those in the low and middle income groups in the state under the 10th Malaysia Plan.

Chairman Datuk Azhar Ibrahim said the houses comprised 739 low-cost units, medium low cost (771) and medium cost (3,240).

KUALA LUMPUR: IOI Corporation Bhd's wholly-owned subsidiary Resort Villa Golf Course Bhd has entered into a conditional exchange of land agreement with Mayang Development Sdn Bhd.

In a filing to Bursa Malaysia on Wednesday, Jan 12, it said the freehold land located in Pekan Bukit Bisa,Sepang, Selangor will be exchanged for Mayang's own freehold land in Dengkil.

KUALA LUMPUR: Encorp Bhd expects to raise about RM67 million after shareholders approved the Proposed Rights Issue and Proposed Placement of Redeemable Convertible Secured Loan Stocks with free warrants at its Extraordinary General Meeting held in Kuching on Wednesday, Jan 12.

KUALA LUMPUR: Centrestage — a RM500 million mixed commercial development in Section 13, Petaling Jaya — is targeted for launch at the end of February, said a spokesman from developer Cherish Springs Sdn Bhd.

HONG KONG: Rentals for grade A office space in Central and Admiralty may rise as much as 20% this year due to the buoyant market outlook and strong business demand, property consultant DTZ says.

SHANGHAI: China's continued strong economic growth is prompting many companies to expand and upgrade their offices in Shanghai, and the trend is expected to drive rents of top grade A offices higher this year despite new supply.