HONG KONG: China Overseas Land & Investment said late on Wednesday (March 17) it planned to team with investors to set up a fund of US$250 million (RM827.6 million) to US$500 million for real estate investments or project development in China.

KUALA LUMPUR: Ho Hup Construction Bhd shareholders yesterday (March 17) voted out all the directors linked to deputy chairman Datuk Vincent Lye Ek Seang and replaced them with a group that effectively help the founding Low family back in control. But analysts say this may not be the end of the tussle and they expect more manoeuvrings including legal ones in the months ahead.

KUALA LUMPUR: TA Global Bhd (TAGB) recorded a net profit of RM22.51 million in its third quarter ended Jan 31, 2010 (3QFY10) on the back of RM80.56 million revenue.

There were no comparative figures in the preceding period corresponding quarter as this is the group's first year of preparing its quarterly financial report subsequent to its  listing on the Main Market on Nov 23, 2009.

KUALA LUMPUR: The resolutions to remove seven Ho Hup Construction Co Bh directors were approved at the EGM on Wednesday March 17.
The resolutions were carried through with 55.94% of the votes cast in favour of their removal.

PUTRAJAYA: Rural and Regional Development Minister Datuk Seri Shafie Apdal assured the Orang Asli community that the quantum proposed under their new land allocation scheme would be reviewed.

He said the new land policy for Orang Asli would be reviewed, including the proposed allocation of 2.4 ha per family, for cultivation and 0.1 ha to build their house.

HONG KONG: A listed electronic components manufacturer on March 16 bought a house on The Peak for HK$60,215 (RM25,597) per sq ft, making it the most expensive home in Hong Kong in terms of price per sq ft.

TAIPEI: Taiwan's central bank sees selective steps as effective in cooling house price rises in certain areas of the island, suggesting it is not likely to raise interest rates this month.

KUALA LUMPUR: A majority of Ho Hup Construction Co Bhd shareholders voted out seven directors at the EGM on Wednesday, March 17.

About 55.94% of shareholders voted in favour for the removal of deputy chairman Datuk Vincent Lye, Lim Ching Choy, Datuk Liew Lee Leong, Lai Moo Chan, Long Md Nor Amran Long Ibrahim, Mohd Shahril Hamzah and Foo Ton Hin.

KUALA LUMPUR: Fund manager Mark Mobius' Templeton Emerging Markets Group has acquired a 5% stake in property developer KSL Holdings Bhd.The 5% stake was part of the 10% stake or 35.1 million new shares placed out by KSL.

KUALA LUMPUR: Ho Hup Construction Co. Bhd's subsidiary is teaming up with Malton Bhd's unit to develop a piece of freehold land, measuring 243,000 sq metres (approximately 60 acres) into mixed commercial and residential development.Under the agreement, Ho Hup said on Wednesday, March 17 the project would comprise of shopping complex, shop offices, office tower, service apartments and hotel.