E&O in talks with banks to raise RM1.5 bil for Andaman Island project
Earlier this year, the group raised RM255.
Earlier this year, the group raised RM255.
A fire resulted in Landmarks ceasing its hotel’s operations — the main revenue contributor to the company.
The job scope covers the construction of main building works for, amongst others, a 45-storey structure comprising a 38-storey serviced apartment block of 380 units — to be completed within 35 months from Jan 18, 2024.
E&O executive chairman Datuk Tee Eng Ho: Whichever condominium without Airbnb, their property price goes up, rental even much better.
The contract covers the execution and completion of 69 units of three-storey semi-detached and three-storey terraced houses for the proposed development at Seksyen 2, Pulau Andaman in Penang.
Every building on Andaman Island has been designed to meet Green Building Certification standards, the statement read, and E&O is working closely with its architects and builders to minimise the use of new raw materials.
In a bourse filing on Wednesday (Aug 23), the premier lifestyle property developer said revenue jumped by 11.
The group said in a bourse filing that OCBC has proceeded to appoint Khoo Siew Kiat and Lim Keng Peo of Deloitte Restructuring Services PLT as the "joint and several receivers and managers over the assets and undertakings of ARSB", whose assets have a net book value of RM25.
The lower earnings were also due to the higher selling and marketing expenses of RM4.
E&O managing director Kok Tuck Cheong: “We are honoured to receive recognition from Rehda for our Andaman Island Phase 1, The Meg and Arica.