KUALA LUMPUR: Property developer Easter & Oriental Bhd said Datuk Tee Eng Hong, one of its directors, has made a conditional mandatory general offer to buy out minority shareholders in the company for 60 sen a share.
This is after Tee, through his private investment vehicle Amazing Parade Sdn Bhd on Friday acquired an additional 10.89% stake in the company from Sime Darby Bhd
for 93.5mil, or 60 sen a share.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
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!
