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YNH formalises MOU to build and lease hospital in Sri Manjung

KUALA LUMPUR: YNH Property Bhd had formalised a memorandum of understanding via the master collaboration agreement with Pantai Hospitals Sdn Bhd on Nov 16 to construct and lease a private hospital in the Manjung Point township located in Sri Manjung, Perak, said YNH in a filing to Bursa Malaysia on Nov 17.

Pantai Hospitals is a wholly owned subsidiary of Pantai Holdings Bhd.

MRCB posts RM10 mil net profit in 3Q

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) posted net profit of RM10.02 million in its third quarter ended Sept 30, 2009, versus a net loss of RM26.81 million a year ago due to better profit margins after completing projects and recognition of profit from its on-going work progress.

AHP, AHP2 record higher net profit

KUALA LUMPUR: Amanah Harta Tanah PNB (AHP) recorded a higher net profit of RM1.910 million in its third quarter ended Sept 30, 2009, up 18.34% from RM1.614 million in the preceding quarter last year.

Revenue for the period increased by 7.35% to RM3.680 million from the RM3.428 million achieved in the corresponding quarter in 2008.

Oriental Interest plans RM60m housing projects

GEORGE TOWN: Oriental Interest Bhd (OIB) plans to embark on eight to nine housing projects in Selangor, Negeri Sembilan and Kedah in 2010, which would have a total gross development value exceeding RM60 million.

AQRS’s Contours development targeting year-end launch

KUALA LUMPUR: AQRS The Building Company Sdn Bhd (AQRS) plans to launch courtyard homes with an estimated gross development value of RM120 million in Melawati Heights in Kuala Lumpur by the year-end.

The Contours, comprising 40 units, is AQRS’s biggest project yet in terms of GDV.

MRCB Group MD is Fiabci Property CEO of the Year

KUALA LUMPUR: Group managing director of Malaysian Resources Corp Bhd (MRCB), Shahril Ridza Ridzuan was honored as the Property CEO of the Year in the Fiabci Malaysia Property Award 2009 on Nov 16.

Star to house Utar, 3 radio stations in Section 13

PETALING JAYA: Star Publications (M) Bhd will redevelop its former headquarters site in Section 13 here to house both an expanded campus of Universiti Tunku Abdul Rahman (Utar) and the publishing group's three radio stations.