News about ER

Below is an excerpt (edited for clarity) of EdgeProp.

Call it a love affair but sans the feelings.

KUALA LUMPUR (May 12): Property developer Eastern & Oriental Bhd does not plan to merge with any entities in the near term, including with construction player Kerjaya Prospek Group Bhd, according to the majority shareholder of both companies, Datuk Tee Eng Ho.

KUALA LUMPUR (May 12): Hong Leong Company (Malaysia) Bhd is no longer the ultimate shareholder of the 27% stake in Eco World International Bhd (EWI) owned by the Hong Leong group following an internal restructuring.

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 12): Former Federal Court judge Datuk Seri Gopal Sri Ram (pictured) has said there is no conflict of interest in him representing law firm Wong & Partners and its partner Brian Chia Hock Gee against a US$1 billion suit filed against them by 1Malaysia Development Bhd (1MDB).

PETALING JAYA (May 12): Kerjaya Prospek Group Bhd has appointed Tee Eng Tiong (pictured) as chief executive officer and executive director, effective today.

KUALA LUMPUR (May 12): Six building owners in Singapore have been charged for occupying premises without valid fire certificates, Channel News Asia (CNA) reported the Singapore Civil Defence Force (SCDF) saying today.

KUALA LUMPUR (May 12): Legal firm Wong & Partners said it is "very disappointed" by the decision of 1Malaysia Development Bhd (1MDB) to file a civil suit against the firm for what it claimed is advisory work in relation to 1MDB.

KUALA LUMPUR (May 11): Careplus Group Bhd said it is acquiring a piece of land in Oakland Industrial Park, Seremban for RM35.