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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.

14 September, 2010
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.

14 September, 2010
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.

14 September, 2010
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.

14 September, 2010
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.

14 September, 2010
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.

14 September, 2010
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.

14 September, 2010
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.

14 September, 2010
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.

13 September, 2010
Singaporean buys 31 office units at The Crest

KUALA LUMPUR: The Crest @ Jalan Sultan Ismail, a 26-storey Grade A office tower developed by SKN Land & Development, has recorded a block sale of 31 office units to a Singaporean investor.

The office tower, comprising 143 office units, were soft-launched early this year.

13 September, 2010