KUALA LUMPUR: S P Setia Bhd said it was on the lookout for strategic partnerships and opportunities to increase its land bank.
It said on Thursday, Aug 4: "Whilst S P Setia continuously assesses possibilities for strategic partnerships and landbanking opportunities, we wish to clarify that we are not currently in any acquisition / takeover talks with Eastern and Oriental Bhd (E&O) or its shareholders."
The property company was responding to an article in The Edge Financial Daily on Tuesday entitled "E&O shares climb further on takeover talk".
The article also reported that S P Setia was among those rumoured to be keen on buying into E&O for its prime landbank in Penang.
TOP PICKS BY EDGEPROP
Ukay perdana house for sale 5 rooms 5 bathrooms
[ Europe Style Duplex Condo ] ROI 9% Cash Back
[ READY TENANT+ COVER INSTALLMENT ] Hotel Suites
[ Confirm Rental Get RM 3000 ] Students Condo
Student Rental RM1800 Cover Instalment! Freehold
[ READY TENANT INVEST] New Township Between Cyberj
Shamelin, Ampang, Pandan Indah, Chan Sow Lin
Cheras, Kuala Lumpur
Invest Dual Key Unit GRR 9 years RM280k
Ampang Superlink house fully furnisished for sale
Taman Melawati, Kuala Lumpur
Residence [email protected] [Foc Mot & Free Furniture]
Bandar Botanic/Bandar Bukit Tinggi, Selangor
Ukay perdana sierra hijauan ampang semi d
Richmond Mont Kiara 4 rooms 3 bathrooms
Mont Kiara, Kuala Lumpur