News about E&O

KUALA LUMPUR (May 29): Kerjaya Prospek Property (KPP) plans to acquire land to build serviced apartments.

KUALA LUMPUR (May 28): Eastern & Oriental Bhd (E&O) returned to the red after two quarters in the black, posting RM75.

KUALA LUMPUR (May 12): Eastern & Oriental Bhd (E&O) announced today Datuk Tee Eng Ho’s redesignation as the property developer’s chairman from director previously besides other board members’ resignations due to the takeover offer by Amazing Parade Sdn Bhd, in which Tee has a stake.

KUALA LUMPUR (May 10): Eastern & Oriental Bhd (E&O) said Tan Sri Mohd Bakke Salleh has resigned as non-independent and non-executive director of the group.

KUALA LUMPUR (May 5): Kerjaya Prospek Group Bhd said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd today accepted a letter of award from Eastern & Oriental Bhd's (E&O) indirect subsidiary Persada Mentari Sdn Bhd for a RM28.

KUALA LUMPUR (April 10): A report by The Edge Malaysia asked the question – why did Kerjaya Prospek Group Bhd co-founders Datuk Tee Eng Ho and his brother Tee Eng Seng buy into E&O? Their “recent move” to “mop up additional shares in Eastern & Oriental Bhd (E&O), hitting the 33% threshold for a mandatory general offer (MGO), has left many investors wondering what they see in E&O that others do not”, wrote the weekly.

KUALA LUMPUR (March 30): Sime Darby Bhd is considering several options for the proceeds from the sale of its remaining 10.

KUALA LUMPUR (March 29): Kerjaya Prospek Group Bhd’s Tee brothers' proposed takeover of Eastern & Oriental Bhd (E&O) is unattractive but fair, and hence shareholders should accept the offer, said analysts.

KUALA LUMPUR (Aug 21): E&O Residences Kuala Lumpur (EOR KL) (pictured) will cease operations from next month, reported the New Straits Times yesterday.

KUALA LUMPUR (May 21): Sime Darby Bhd said it is willing to part with its stake in Eastern and Oriental Bhd (E&O) if it can secure the right price.