KUALA LUMPUR: Disgruntled shareholders of Ho Hup Construction Co. Bhd has requistioned for an EGM to be held on March 17 to seek the removal of seven directors, after the first EGM, which was to have been held on Feb 4, was cancelled.

KUALA LUMPUR: I-Berhad, developer of I-City in Shah Alam has seen its annual profits after tax for the financial year ending Dec 31, 2009 drop 94.4% to RM861,000 from RM15.32 million in the previous financial year.

Annual revenue dropped to RM5.76 million from RM95.77 million while basic earnings per share dropped to 81 sen from 14.4 sen in the previous financial year.

KUALA LUMPUR: Main board listed Equine Capital Bhd.’s wholly owned subsidiary Tujuan Ehsan Sdn. Bhd. has signed a sale and purchase agreement (SPA) with Meridian Score Sdn Bhd to sell of a parcel of leasehold land measuring about 8.47 acres in Daerah Petaling, Selangor for RM11.1 million.

KUALA LUMPUR: Main board listed Super Enterprise Holdings Bhd.’s subsidiary Super Enterprise Sdn Bhd has sold a piece of freehold industrial land and a single storey detached factory with an annexed double storey office to Ban Seng Lee Industries Sdn. Bhd. for RM12 million.

KUALA LUMPUR: The Board of Directors and management of Sunway City Bhd (SunCity) is proceeding with the proposed listing of its real estate investment trust (REIT) consisting of selected properties currently owned partly or wholly by subsidiaries of SunCity.

KUALA LUMPUR: The Federal Territories and Urban Well-Being Ministry will issue a set of guidelines next month pertaining to the 1Malaysia Maintenance Fund.

KUALA LUMPUR: A consortium made up of TH Properties Sdn Bhd, Ascenteus Holdings Sdn Bhd and Indian developer, Davanam Constructions plans to build a General Hotels Management (GHM) country club surrounded by luxury villas on 200 acres of land in Bandar Enstek, Nilai in Negri Sembilan.

KUALA LUMPUR: Singapore’s first Integrated Resort (IR), Resorts World Sentosa (RWS), will begin the first day of the Tiger year, on Sunday, Feb 14, with the soft-opening of its casino and a preview opportunity to stroll through the Universal Studios Singapore.

SINGAPORE: Mapletree India China Fund, a US$1.16-billion private real estate fund under Mapletree Investments Pte Ltd, is acquiring Beijing Gateway Plaza at RMB2.9 billion.

WASHINGTON: The commercial real estate market has fallen more than 40 percent from early 2007 and a wave of loan failures in the next few years could threaten the U.S. economy just as it struggles back to its feet, a report from the panel overseeing the US$700 billion bank bailout said.