AIM to gain RM1.6m from land disposal
KUALA LUMPUR: Advance Information Marketing Bhd (AIM) stands to recieve a net gain of RM1.6 million from the disposal of its property in Shah Alam for RM6.6 million cash.
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Usaha Citra demands Seloga to hold EGM for appointment of new directors
KUALA LUMPUR: Usaha Citra Sdn Bhd, a substantial shareholder of Seloga Holdings Bhd, has demanded that the group hold an EGM to appoint five new directors chosen by the former.
In a Bursa Malaysia filing on Tuesday, Sept 14, the group said that it had received a letter dated Sept 8 from Usaha Citra, requesting for the EGM.
Global average price of hotel rooms up 2%
KUALA LUMPUR: The global average price of hotel rooms rose 2% in the second quarter (2Q) of 2010 compared with rates a year earlier, due to stronger demand from both leisure and business travellers, according to Hotels.com Hotel Price Index for 2Q2010.
BLand acquires B-Kyoto to establish Japanese presence
KUALA LUMPUR: Berjaya Land Bhd (BLand) has acquired Berjaya Kyoto Development (S) Pte Ltd (B-Kyoto) for S$1 (RM2.33), as it seeks to establish a presence in Japan.
In a Bursa Malaysia filing on Tuesday, Sept 14, the group said it had acquired the company from Teow Gek Keo.
Shanghai home loans falls in August
KUALA LUMPUR: Home loans in Shanghai fell for the first time this year in August following months of slow growth in mortages as China's central bank tightened credit policies, the Shanghai Daily reported.
Sales of new homes in Shanghai still growing
KUALA LUMPUR: Sales volume of new homes in Shanghai maintained its upward trend for the third straight week in tandem with a growth in supply, as buyer sentiment improved further during the traditional peak season for home purchases that began early this month.
Loan guarantees for HOS owners
HONG KONG: Owners of government-subsidised flats are being offered loan guarantees to make it easier to rent or sell their homes on the open market.
Genting clears final hurdle for New York Aqueduct Racetrack
KUALA LUMPUR: Genting group has finally cleared the last hurdle for the proposed Aqueduct Racetrack in New York when the State Comptroller Thomas DiNapoli approved the contract on Monday, Sept 13.
News reports said comptroller Thomas DiNapoli approved a contract calling for the installation of 4,500 video lottery terminals at the track.
Global H1 commercial property transactions up 74%
HONG KONG: Global commercial property transactions rose 74% in the first half of 2010, tracking improvements in the investment climate and economic outlook, property services company Jones Lang LaSalle Inc said.
SC approves Seloga's revised rights issue
KUALA LUMPUR: The Securities Commission (SC) has approved of a revision to Seloga Holdings Bhd's proposed rights issue, it announced on Bursa Malaysia on Monday, Sept 13.
