E&O has no merger plans for now, says chairman Tee

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.

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The Tee brothers and E&O

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.

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