KUALA LUMPUR: Tanjong Capital Sdn Bhd (TCSB), a vehicle linked to Malaysian tycoon T Ananda Krishnan, is launching a conditional takeover offer for Tanjong plc to acquire all of the latter’s ordinary shares of 7.5 pence each for a cash offer price of RM21.80 apiece, it said in a Bursa filing on Friday, July 30.

KUALA LUMPUR: Sunway Lagoon Sdn Bhd units Sunway Wildlife Sdn Bhd and Sunway Lagoon Management Sdn Bhd had been wound-up voluntarily by creditors on July 29 as if they had been dormant, parent company Sunway City Bhd (SunCity) said in a Bursa filing on Friday, July 30.

KUALA LUMPUR: Crescendo Corporation Bhd (CCB), via its unit Crescendo Development Sdn Bhd (CDSB), has boosted its stake in Crescendo Land Sdn Bhd (CLSB) to 90% by acquiring a 20% stake in the latter for RM250,000.

The group announced on Friday, July 30, that it had acquired the stake, or 24 shares, from CLSB director Datuk Abd Rahman Mohd Yunos on July 29.

KUALA LUMPUR: Zelan Bhd has announced its disposal of 409,500 shares in IJM Corporation Bhd in the open market for RM2.07 million, or RM5.07 per share, on July 29, representing 0.03% of the latter’s total issued and paid-up capital.

KUALA LUMPUR: Developers of residential properties in the Klang Valley do not have to worry about an oversupply situation as the  population in the Klang Valley has a ratio that suggests the market can absorb additional stock, said executive chairman of CB Richard Ellis (M) Sdn Bhd, Christopher Boyd.

KUALA LUMPUR: Merge Housing Bhd posted a net loss of RM4.27 million for the fourth quarter ended May 31, 2010 (4Q), narrowly minimising losses of RM4.28 million from a year ago, it said in a Bursa filing on Friday, July 30.

Meanwhile, basic losses per share stood at 2.98 sen from 2.88 sen a year ago.

HONG KONG: Grade A office and luxury residential rentals in Hong Kong are projected to grow 20% and 15%, respectively, in the next 12 months, according to Colliers International’s Greater China Office & Residential Market Overview 2Q 2010 report which was released on July 29.

KUALA LUMPUR: Homebuyers and property investors will be taking a more cautious stance in the second half of 2010 (2H2010) compared with the first half of the year. Nevertheless, the outlook for the Malaysian housing market will remain positive on the back of the recovering economy, said Henry Butcher Marketing Sdn Bhd chief operating officer Tang Chee Meng.

KUALA LUMPUR: Newly launched Empire Shopping Gallery in Subang Jaya has leased 90% of the mall’s net lettable space to date, said the managing director of Mammoth Empire Holding Sdn Bhd Datuk Sean Ng.

SHANGHAI: Shanghai plans to issue detailed regulation on the property sector in the second half of this year, the Securities Times reported on Friday, July 30.

Overall housing market transactions for the year are expected to fall sharply, Zhou Bo, head of the Shanghai Municipal Development & Reform Commission was quoted as saying.