KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) has proposed to acquire an 18% stake in Cosy Bonanza Sdn Bhd (CBSB) and 2.48 million redeemable preference shares (RPS) as well as 3.77 million RPS-A in CBSB from Kuwait Finance House (Malaysia) Bhd (KFH) for RM7.77 million.

KUALA LUMPUR: Talam Corporation Bhd has posted a net loss of RM83.29 million for the third quarter ended Oct 31, 2010, from a net profit of RM1.49 million a year ago mainly on losses on disposal of two parcels of development properties.

KUALA LUMPUR: PCCS Group Bhd has proposed to acquire a single-storey factory cum two-storey office on a parcel of freehold land measuring 2,099 sq m in Klang for RM3.87 million, it said in a Bursa Malaysia filing on Thursday, Dec 30.

The group has entered into a sale and purchase agreement (SPA) with Tan Chin Pof and Tan Sheang Fang on Thursday.

KUALA LUMPUR: Kumpulan Europlus Bhd's (K-Euro) net loss widened to RM19.31 million for the third quarter (3Q) ended Oct 31, 2010, from RM16.67 million a year ago on provisions for doubtful debt of RM3.7 million and share of losses incurred by an associated company, it announced to Bursa Malaysia on Thursday, Dec 30.

KUALA LUMPUR: Berjaya Corporation Bhd's (BCorp) net profit for the second quarter ended Oct 31, 2010 jumped 66.9% to RM86.54 million from RM51.83 million a year ago.

KUALA LUMPUR: Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire a 4-storey office building from FBSM Holdings Bhd for RM51.25 million cash, it announced on Bursa Malaysia on Thursday, Dec 30.

KUALA LUMPUR: UEM Land Bhd is now buying 448 acres of plantation land in Bangi for a total of RM259 million from Inch Kenneth Kajang Rubber Public Ltd Co, instead of the 463 acres at RM268.5 million proposed earlier.

Investment Highlights

KUALA LUMPUR: Interest picked up recently on developer Hua Yang Bhd, sending the company's share price up 8% in three trading days to end at 99 sen on Wednesday, Dec 29.

Trading volume on the stock also rose in tandem with 328,800 shares traded on Wednesday compared with 90,500 on Monday.

KUALA LUMPUR: Master Builders Association Malaysia (MBAM) is calling for more transparency in the award of projects with the implementation of open tender systems for bidding of government projects.