ECM Libra: ‘Buy’ call on Glomac
Target price: RM1.80
3QFY10 : Best quarter yet to come
• Within expectations
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Gamuda’s margin expansion to continue, says HwangDBS
Gamuda Bhd
(March 23, RM2.83)
Bina Puri’s Tong in Ho Hup
KUALA LUMPUR: In yet another twist to the Ho Hup Construction Co Bhd saga, Tan Sri Tong Yoke Kim @ Tong Kiot Seng, who controls 19.27% of Bina Puri Holdings Bhd via a privately held entity, has emerged as a substantial shareholder in Ho Hup with a 7.28% interest.
D’Tiara Corp to dispose of subsidiary to Amanahraya Development
PETALING JAYA: D’Tiara Corp Sdn Bhd, a wholly owned subsidiary of Oilcorp Bhd, has entered into a Share Sale Agreement with Amanahraya Development Sdn Bhd to dispose of the entire issued and paid up share capital of its wholly owned subsidiary, D’Tiara Hotels & Resorts Sdn Bhd (DHR) for a consideration of RM1.
Mah Sing acquires Grand Prestige Development
PETALING JAYA: Mah Sing Bhd has acquired the entire issued and paid-up share capital of Grand Prestige Development Sdn Bhd on Jan 18, 2010 with an authorised share capital of RM100,000 comprising 100,000 ordinary shares of RM1 each, of which two ordinary shares of RM1 each have been issued and fully paid-up, for cash consideration of RM2.
Shanghai Greenland to invest in mixed-use projects in Anhui Province
PETALING JAYA: The Shanghai Greenland Group recently signed a collaboration agreement with the Ma An Shan Government in Anhui Province, China, to invest in two mixed-use projects with a total gross floor area (GFA) of two million sq m.
Mah Sing’s shareholders approve bonus issue
PETALING JAYA: Mah Sing Group Bhd’s shareholders approved the bonus issue of up to 151 million new ordinary shares during its extraordinary general meeting on March 23. The bonus issue was meant to reward shareholders for their continuous support and loyalty to he group.
32,762 PPR housing units being built in KL
KUALA LUMPUR: The government is implementing 25 People's Housing Projects (PPR) involving 32,762 units in Kuala Lumpur Federal Territory, Housing and Local Government Minister Datuk Seri Kong Cho Ha said.
Deustche exec to head StanChart's real estate team
HONG KONG: A Deutsche Bank executive will join Standard Chartered to run the real estate investment team, the UK lender and a source said on March 23.
Brian Chinappi would be global head of StanChart's real estate investment under the bank's principal finance business, a spokeswoman said.
China gives state firms deadline to exit property sector
BEIJING: China has ordered 78 state companies whose core business is not property to submit plans to divest from the sector within 15 working days, state media reported on March 23.
The order, from the State-owned Assets Supervision and Administration Commission (SASAC), is part of a broader government campaign to rein in fast-rising housing and land prices.
