KUALA LUMPUR: Permaju Industries Sdn Bhd has entered into a conditional sale and purchase agreement (SPA) with Hardie Development Sdn Bhd (HDSB) and its directors to acquire a 70% equity interest in the company, Permaju Industries announced to Bursa Malaysia on March 8.

KUALA LUMPUR: UOA Asset Management Sdn Bhd, the management company of UOA Real Estate Investment Trust (UOA REIT), has received two offer letters dated March 8 from UOA Holdings for the sale of two properties here, UOA REIT announced to Bursa Malaysia on the same date.

DUBAI: Hopes of progress this week on Dubai World’s US$26 billion (RM86.89 billion) debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate, according to Reuters.

PETALING JAYA: Space U8 will be officially opened to the public in September 2010. However, a soft launch event for invited guests is being planned in conjunction with the Soccer World Cup tournament in July.

KUALA LUMPUR: YTL Hotels & Properties Sdn Bhd (YTLHP) has entered into an acquisition agreement to acquire a new subsidiary based in Japan, said holding company YTL Corp Bhd in a March 8 Bursa Malaysia filing.

KUALA LUMPUR: Malayan Banking Bhd will increase its base lending rate (BLR) by 25 basis points from 5.55% per annum to 5.80% per annum effective Tuesday, March 9.

Maybank said on Monday, the base financing rate (BFR) of Maybank Islamic Bhd would similarly be revised from 5.55% to 5.80% effective the same date.

KUALA LUMPUR: The Employees Provident Fund Board (EPF) had stepped up its acquisition of shares in Malaysian Resources Corp Bhd (MRCB), acquiring another 24.75 million shares last Friday, March 5.

A filing with Bursa Malaysia on Monday (March 8) showed the shares were acquired at an average price of RM1.479 each.

BEIJING: The Chinese government has succeeded in curbing property speculation in some cities where real estate prices were rising too fast, the Housing Ministry said on March 8, acknowledging that strong demand will continue to drive prices.

KOTA KINABALU: The Kota Kinabalu Court has applied for the construction site of a new court complex to be closer to the city.

Deputy Chief Minister Datuk Seri Joseph Pairin Kitingan said the site allocated in Likas Bay, near here, was inappropriate and inconvenient for the public.