KUALA LUMPUR: The government will not chase out any traders in Brickfields in its effort to develop the area as “Little India”, said Deputy Federal Territory and Urban Well-Being Minister Datuk M Saravanan.

KUALA LUMPUR: Amtek Holdings Bhd is disposing of a 1.8-acre tract of leasehold land in Klang for RM5.25 million to Specialty Fats Sdn Bhd.

KUALA LUMPUR: Sunway City Bhd (Suncity) and its subsidiaries are selling their interests in eight properties to Sunway REIT for RM3.73 billion, the developer said in a filing to Bursa Malaysia on May 10.

KUALA LUMPUR: Sunway Holdings has entered into a Memorandum of Understanding (MoU) with the XuanCheng Municipal Government to develop an integrated city in XuanCheng.

KUALA LUMPUR: Mulpha Land Bhd has proposed to reduce its share capital by cancelling 90 sen of each RM1 share which will give rise to RM82.2 million to fully set-off its accumulated losses and the remaining balance to be credited to the company's capital reserves.

KUALA LUMPUR: Fima Corp Bhd was reclassified into the industrial products sector, from the property sector, Bursa Malaysia said in an announcement on May 10.

According to its website, Fima Corp is an investment holding company with subsidiaries principally involved in manufacturing, plantation, property management and banknote printing.

KUALA LUMPUR: Plenitude Bhd is acquiring 27 parcels of freehold in Penang for RM45 million.

KUALA LUMPUR: Sapura Auto Sdn Bhd is proposing the disposal of a piece of land in Kuala Lumpur, which presently houses an automobile showroom, to Sime Darby Motor Division Sdn Bhd for RM49.054 million, cash.

KUALA LUMPUR: The planned listing of Sunway City's real estate investment trust (REIT) will raise about RM1.5 billion, more than was expected in the beginning of this year, sources with direct knowledge of the deal told Reuters on Monday, May 10.