E&O secures RM1.084bil facility to fund STP2 reclamation works


A total of 384 acres will be reclaimed on the Gurney Drive foreshore under Phase 2A.

KUALA LUMPUR: Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd, has on Friday secured a syndicated banking facility of up to RM1.084bil to finance reclamation works and infrastructure works for Seri Tanjung Pinang Phase 2.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

MKH Oil Palm's FY25 prospects supported by strong demand for CPO
South Korea makes first back-to-back rate cuts since 2009
Ringgit opens higher against US$ as Trump-inspired dollar rally eases
FBM KLCI rises as corporate results flow in
Trading ideas: Binastra, Catcha, IJM, Vanzo, JFTech, BHIC, Affin, LGMS, Paramount, AMB, PetGas, Kerjaya, Inari, FGV
Oil steady after surprise rise in US gasoline stocks
Wall Street stocks end lower on inflation data
China’s Hesai to halve lidar prices next year, sees wide adoption of electric cars
New launch to drive Matrix Concepts growth in FY25
Paramount upbeat on sales performance

Others Also Read