KUALA LUMPUR: Sunway Creative Stones Sdn Bhd (Abu Dhabi Branch), a 70% owned subsidiary of Sunway Construction Sdn Bhd, which in turn is a wholly-owned subsidiary of Sunway Holdings Bhd has accepted a letter of award for a sub-contract worth AED74.5 million (about RM65.69 million) on May 13.

KUALA LUMPUR: Sunway Geotechnics (M) Sdn Bhd, a wholly-owned subsidiary of Sunway Construction Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway Holdings Bhd has on May 17 accepted the letter of award for a RM88 million contract from Sunway City Bhd (SunCity).

KUALA LUMPUR: JPK Holdings Bhd, a manufacturer of precision plastic injection moulded parts is selling off 40 of its properties at a total value of RM5.12 million.

Its unit JPK (Malaysia) Sdn Bhd had on May 14 entered into sale and purchase agreements with respective purchasers for the disposal of the properties, it said in a listing on Bursa Malaysia on Monday May 17.

KUALA LUMPUR: OSK Property Holdings Bhd saw its net profit for the first quarter ended March 31, 2010 (1Q FY2010) drop 29.25% to RM1.88 million, from RM2.66 million the previous year due to higher selling and marketing expenses incurred during the period.

KUALA LUMPUR: Bina Puri Holdings Bhd has been awarded a RM306.9 million contract to build a Universiti Teknologi Mara (UiTM) campus in Kota Samarahan, Sarawak.

KUALA LUMPUR: MBM Resources Bhd has awarded a RM6.65 million construction contract to Pembinaan Teknikhas Sdn Bhd.

Its 86%-subsidiary Federal Auto Holdings Bhd had on May 17 issued the award letter to Pembinaan Teknikhas to build a 6-storey annex to the existing Volvo 3S (sales, service and spare parts) centre in Temasya Industrial Park, Shah Alam.

KUALA LUMPUR: Penang-based property developer Asas Dunia Bhd made a net profit rose to RM3.7 million in its first quarter ended March 31, 2010 (1QFY10), versus a net loss of RM653,000 the previous year on higher revenue.

KUALA LUMPUR: HwangDBS Investment Management Bhd (HwangDBS IM) has declared a gross interim income distribution of 0.75 sen for its HwangDBS Global Property Fund (GPF) for the financial period ending May 31, 2010.

SINGAPORE: The global real estate industry is focusing its attention on new investment opportunities in Asia as countries in the region show signs of economic recovery.

PENANG: The Tourism Ministry is ready to demolish the two arches built near the entrance of the Penang Botanical Gardens if the technical report shows that they are unsafe. Minister Datuk Seri Dr Ng Yen Yen said that according to the non-governmental organisation (NGO) report, there was a tilt on one of the two arches.