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Sunway to develop integrated city in China

KUALA LUMPUR: Sunway Holdings has entered into a Memorandum of Understanding (MoU) with the XuanCheng Municipal Government to develop an integrated city in XuanCheng.

10 May, 2010
Mulpha Land proposes to cancel 90 sen of each RM1 share

KUALA LUMPUR: Mulpha Land Bhd has proposed to reduce its share capital by cancelling 90 sen of each RM1 share which will give rise to RM82.2 million to fully set-off its accumulated losses and the remaining balance to be credited to the company's capital reserves.

10 May, 2010
Fima Corp reclassified into industrial products sector

KUALA LUMPUR: Fima Corp Bhd was reclassified into the industrial products sector, from the property sector, Bursa Malaysia said in an announcement on May 10.

According to its website, Fima Corp is an investment holding company with subsidiaries principally involved in manufacturing, plantation, property management and banknote printing.

10 May, 2010
Sapura Auto to dispose of property for RM49.054 mil

KUALA LUMPUR: Sapura Auto Sdn Bhd is proposing the disposal of a piece of land in Kuala Lumpur, which presently houses an automobile showroom, to Sime Darby Motor Division Sdn Bhd for RM49.054 million, cash.

10 May, 2010
Sunway REIT to raise about RM1.5 bil from IPO

KUALA LUMPUR: The planned listing of Sunway City's real estate investment trust (REIT) will raise about RM1.5 billion, more than was expected in the beginning of this year, sources with direct knowledge of the deal told Reuters on Monday, May 10.

10 May, 2010
China’s GDP set to rise 10.7% in 2Q

KUALA LUMPUR: The Middle Kingdom’s economy is still expected to enjoy growth of 10.7% annually in 2Q, slowing from a surge of 11.9% in the first three months of 2010, according to a government report, said the ShanghaiDaily.com on May 10.

10 May, 2010
MPT offers assessment rebate to repaint old buildings

TAWAU: In an effort to beautify the town, the Tawau Municipal Council (MPT) is offering a 30% assessment rebate on old buildings to owners who repaint them.

Its president, Ismail Mayakob said the incentive was in line with the Tawau beautification programme which was launched recently.

10 May, 2010