E&O subsidiary Tanjung Pinang Development secures 0.25% lower sukuk profit rate
KUALA LUMPUR (April 25): Eastern & Oriental Bhd (E&O) last Friday (April 22) said that its subsidiary Tanjung Pinang Development Sdn Bhd (TPD) had secured a 0.
Sime Darby open to selling E&O stake, says CEO
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.
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).
E&O launches final batch of landed homes at Seri Tanjung Pinang 1
PENANG (March 24): Eastern and Oriental Bhd (E&O) launched its final batch of landed residential properties at Seri Tanjung Pinang 1 here, yesterday.
E&O set to launch Amaris Terraces By-The-Sea at Seri Tanjung Pinang
PENANG (Oct 28): Eastern and Oriental Bhd (E&O) is set to launch its latest project Amaris Terraces By-The-Sea at its Seri Tanjung Pinang development in Penang this November, pending the completion of the project’s show unit.
The Tamarind at Seri Tanjung Pinang 94% sold
PENANG (Oct 5): The Tamarind executive apartments at Seri Tanjung Pinang (STP), Penang are 94% sold with a balance of 104 units as at Sept 13, Eastern and Oriental Bhd head of sales and marketing (Penang) Christina Lau told TheEdgeProperty.
Penang seeks waiver of confidentiality clauses in land reclamation deals
KUALA LUMPUR (Dec 18): The Penang government is seeking the consent of two major development companies to waive the confidentiality clauses in land reclamation agreements signed with the previous Barisan Nasional administration.
The Tamarind Tower B 60% taken up
PENANG: Tower B of The Tamarind executive apartments by Eastern & Oriental Bhd (E&O) has received an encouraging response from buyers with 60% of the units having been taken up within two weeks of its launch in early December.
E&O’s 1Q net profit up 22.68% on sale of land bank
PETALING JAYA (Aug 15): Eastern and Oriental Bhd (E&O) saw its net profit increase 22.
