Riding on recovery

KUALA LUMPUR: JAKS Resources Bhd's share price advanced in mid-morning on Wednesday, April 14 after RHB Research sees sum-of-parts (SOP) fair value at RM2 due to Vietnam power plant, dam and property joint ventures.

At 11am, it was up 1.5 sen to 84.5 sen with 6.53 million shares done.

KUALA LUMPUR: Australian property developer Walker Corp is investing RM1.7 billion in the development of the first exclusive waterfront project in the eastern corridor of Iskandar Malaysia.

KUALA LUMPUR: The Employees Provident Fund Board (EPF) has allowed its conditional takeover offer of construction and property development firm Malaysian Resources Corp Bhd (MRCB) to lapse after receiving acceptances amounting to only 3.34% comprising 45.64 million shares.

SHAH ALAM: Selangor Barisan Nasional (BN) assemblymen want Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim to brief how the state government had selected DPZ Asia Sdn Bhd as one of the four companies to undertake the rehabilitation and cleaning up of the Klang River.

KUALA LUMPUR: The East Integrated Transport Terminal (EITT) project in Gombak, near here, which has stalled since 2001, is expected to start in June and the first phase ready by March next year.

LONDON: Savills Research expects the introduction of the new 5% stamp duty tax on properties of more than £1 million (RM4.98 million) may provide a short boost to the central London market over 2010 and 2011 as buyers seek to complete deals before its introduction in April 2011.

KUALA LUMPUR: A director of Gadang Holdings Bhd, Ling Hock Hing entered into a sales and purchase agreement with Mandy Corp Sdn Bhd (MCSB), a wholly owned subsidiary of Gadang for a 3-storey retail shopoffice located in MCSB’s development, M Avenue in Segambut, Kuala Lumpur.

KUALA LUMPUR: Gadang Holdings Bhd announced on Bursa Malaysia on April 13 it acquired Hillstrand Development Sdn Bhd for RM2, via wholly owned subsidiary Gadang Land Sdn Bhd.