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Fortune Reit wins approval to list in HK

HONG KONG: Singapore-listed Fortune Real Estate Investment Trust (Fortune Reit) has regulatory approval to list by introduction in Hong Kong after agreeing to adopt precautionary measures to maintain stable trading in two markets.

S P Setia unit to build student apartments in Melbourne

MELBOURNE (Australia): S P Setia Bhd's wholly-owned subsidiary, Setia International Ltd, is expected to build student apartments near the University of Melbourne and RMIT University, Australian Financial Review reported.

Wanted: Investors to turn Saddam's villas into gold

TIKRIT, IRAQ: Saddam Hussein made his palaces a desert paradise, but now his hometown is seeking foreign investors to turn the late dictator's playground into a tourist mecca.

Local officials see the 76 abandoned Saddam villas sprawled across hundreds of hectares (acres) as a potential gold mine for Tikrit's cash-strapped Salahuddin province.

S P Setia and Firefly takes off together


From left: Liew, Ng and Leong at the launch of S P Setia’s new marketing
campaign with Firefly

KUALA LUMPUR: S P Setia Bhd believes that its new branding campaign with Firefly airlines will provide greater reach for its products.

AP Land acquiring 95% stake in PT Primabahagia Permai Sejati

KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) is acquiring 95% of the issued and paid-up capital in PT Primabahagia Permai Sejati (PT PPS), which has the location permit for a plot of 14,000 ha (34,594 acres) land in East Kalimantan for oil palm plantation.

KPJ Healthcare buys land in Johor for RM7 million

KUALA LUMPUR: KPJ Healthcare Bhd is buying a piece of leasehold land in Johor for RM7.07 million.

In a filing to Bursa Malaysia on March 31, its unit Pasir Gudang Specialist Hospital Sdn Bhd had on the same day entered a conditional sale and purchase agreement with Johor Land Bhd for the acquisition of the 3.25-acre land.

Bolton to sell remaining stake in Kenneison Builders

KUALA LUMPUR: Bolton Bhd, through its wholly-owned subsidiary Kenneison Brothers Sdn Bhd, is selling its remaining 150,000 shares in Kenneison Builders Sdn Bhd for RM203,171.

In a filing to Bursa Malaysia on March 31, the developer said the 150,000 shares of RM1 each in Kenneison Builders, representing 60% of its equity interest, will be sold to Golden Prima Entity Sdn Bhd.