Wan Azmi re-emerges as major shareholder in E&O
KUALA LUMPUR (March 20): Businessman Tan Sri Wan Azmi Wan Hamzah has re-emerged as a substantial shareholder of property developer Eastern & Oriental Bhd (E&O) with a 9.
E&O posts 3Q net loss on forex loss, holding cost
KUALA LUMPUR (Feb 23): Eastern & Oriental Bhd (E&O) slipped into the red in the third financial quarter ended Dec 31, 2018 (3QFY19), posting a net loss of RM8.
MRCB says gearing slashed with Eastern Dispersal Link settlement
KUALA LUMPUR (Nov 26): Malaysian Resources Corp Bhd (MRCB) said it had received the settlement sum of RM1.
MRCB receives RM1.33b settlement for EDL concession termination
KUALA LUMPUR (Nov 24): Malaysian Resources Corp Bhd (MRCB) has received the settlement sum of RM1.
MRCB enters into RM1.32b concession termination agreement with government for EDL
KUALA LUMPUR (Nov 12): Malaysian Resources Corp Bhd (MRCB)’s indirect wholly-owned subsidiary MRCB Lingkaran Selatan Sdn Bhd(MLSSB) (MLSSB) has entered into a termination and settlement agreement with the government, in relation to the Concession Termination of the Eastern Dispersal Link Expressway (EDL).
RM1.3b takeover of EDL a boon for MRCB
KUALA LUMPUR (Nov 5): The government’s announcement that it will take over the Eastern Dispersal Link (EDL) expressway from Malaysian Resources Corp Bhd (MRCB) for RM1.
E&O on active lookout for STP2 Phase 2A investors to raise cashflow
KUALA LUMPUR (Aug 21): Lifestyle property developer Eastern and Oriental Bhd (E&O) is on the lookout for Tier 1 and Tier 2 investors, either local and foreign parties, to enter into joint ventures (JV) to develop its 253-acre Phase 2A land in Seri Tanjung Pinang 2, Penang (STP2A).
E&O posts lower 1Q net profit as forex, JV losses weigh
KUALA LUMPUR (Aug 21): Eastern and Oriental Bhd (E&O)’s net profit for the first quarter of its financial year 2019 (1QFY19) fell 34% from a year ago, despite a 15% rise in revenue, as it was impacted by unrealised foreign exchange losses and losses from joint ventures (JVs).
