Axis Real Estate Investment Trust (Axis-REIT) is expandingits portfolio of properties with the proposed acquisition of two parcels ofindsutrial land with buildings in Labu, Negeri Sembilan, for RM26.50mil cash. AxisREIT Managers Bhd, the management company of Axis-REIT, yesterday said the29,436 sq metres of land with tenure of 99 years expiring in September 2095, wasacquired from LRS Property Sdn Bhd. The acquisition was undertaken by OSK TrusteesBhd, the trustee for Axis-REIT. Axis REIT Managers said the acquisition was toprovide unitholders with stable distribution and to achieve growth in net assetvalue per unit of the fund. ' StarBiz

Telekom Malaysia Bhd (TM) is proposing a final single-tierdividend of 9.8 sen per share for the financial year ended Dec 31, 2011. Thecompany said in a filing with Bursa Malaysia that the dividend would go ex on May22. The entitlement date would be May 24 subject to shareholders' approval in theupcoming AGM on May 8, it added. ' StarBiz

CIMB Group, which last week announced its acquisition ofsome Royal Bank of Scotland (RBS) assets in the Asia Pacific, has definedpotential areas of collaboration with RBS in the region. The areas, as set outunder a cooperation agreement inked by the two banking groups here yesterday,are capital market activities, mergers and acquisitions, equities, derivatives,loan markets, trade advisory and trade financing solutions, cash managementservices and agent/custodian bank arrangements. CIMB group chief executiveDatuk Seri Nazir Razak said the agreement would allow both CIMB and RBS toleverage off each other in key Asia Pacific markets, adding that there is hugepotential for cross referrals. ' Business Times

Maxis Bhd, the country's biggest mobile operator, launchedits maiden digital books (ebooks) service to tap into the growth potential ofthe tablet computer industry. Sales of tablet computers like Apple iPad andSamsung Galaxy Tab grew by 500.0% in the fourth quarter of last year to 260,000units. T. Kugan, Maxis vice-president and head of product, device, innovationand roaming said Maxis has recognised the shift towards digital content andwith the launch of Maxis ebooks, they are looking at providing local readerswith the hassle-free experience of browsing, purchasing and reading books ontheir tablets or PCs. About 31.0% of Maxis subscribers use devices like smartphones and tablet computers. The service is also expected to help the companygrow its revenue, as Maxis takes a cut from the ebook purchases. While theexact amount Maxis will be getting was not revealed, it is understood that70.0% of the sale will go to the publishers. The remaining 30.0% may be sharedwith its other technology partners. ' Business Times

Source: AmeSecurities