E&O's 4Q net profit dives 80% on-year on higher expenses
The lower earnings were also due to the higher selling and marketing expenses of RM4.
E&O’s Andaman Island Phase 1, The Meg and Arica get GreenRE Platinum Provisional Certifications
E&O managing director Kok Tuck Cheong: “We are honoured to receive recognition from Rehda for our Andaman Island Phase 1, The Meg and Arica.
E&O to buy out partner for RM47 mil to fully-own Seri Tanjung Pinang concession
Seri Tanjung Pinang (STP) is a seafront development masterplan on the northeast coast of Penang island.
E&O to launch second serviced apartment Arica in Penang’s Andaman island
Arica is a 380-unit freehold serviced apartment development, offering unit built-ups ranging from 947 sq ft to 1,259 sq ft and priced from RM800,000.
E&O sees rights issue, future sales supporting Phase 2 Andaman Island capex outlay
The group, which is seeking additional funds for the second phase of its 760-acre Andaman Island project, expects to have around RM500 million cash in hand next year despite downsizing its rights issue that was first proposed in February 2022.
E&O subsidiary Tanjung Pinang Development's special resolution rejected by Islamic bondholders under RM1.5b scheme
KUALA LUMPUR (April 22): Holders of tranche one of Eastern & Oriental Bhd's (E&O) subsidiary Tanjung Pinang Development Sdn Bhd's RM1.
Kerjaya Prospek secures RM265m building work contract in Penang
KUALA LUMPUR (April 6): Construction outfit Kerjaya Prospek Group Bhd said it has secured a RM265 million contract to undertake main building work for a proposed development project located at Kawasan Terbusguna Tanah Seri Tanjung Pinang (Phase 2A) in Penang.
E&O expects stronger quarters ahead after reversing losses in 3Q
KUALA LUMPUR (Feb 24): Having reversed losses in the third quarter, Eastern & Oriental Bhd (E&O) expects stronger earnings in the following quarters, supported by recognition of sales from new property launches in Penang and better contribution from its hospitality segment as the economy begins to recover from the Covid-19 pandemic.
Playing a long-term game
When the chips are generally down but you are not just still standing firm but rising stronger, people can’t help but take notice.
E&O launches The Lincoln Suites apartment-hotel in London
LONDON (Sept 3): Premium property developer and hotelier Eastern and Oriental Bhd (E&O) has officially opened its 54-room serviced apartment hotel in London on Aug 31, 2021, E&O chairman Datuk Tee Eng Ho announced today.
