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Kamunting Management to buy remaining 40% stake in E&O for RM46 95mil

KUALA LUMPUR: Kamunting Management Services Sdn Bhd, an indirect wholly-owned subsidiary of Eastern & Oriental Bhd (E&O), has entered into a share sale agreement (SSA) with Penang Development Corporation (PDC) to acquire the remaining 40 per cent of the issued share capital in E&O-PDC, comprising 14,000 ordinary shares, for RM46.95 million.

Dubai is Getting World s Biggest Book Sale With Up to 90% Discount

Dubai is Getting World s Biggest Book Sale With Up to 90% Discount
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E&O aiming for RM1 5 BLN sales over next three years

KUALA LUMPUR (Sept 26): Eastern & Oriental (E&O) Bhd is aiming to generate RM1.5 billion in sales over the next three years from its various property development projects.Deputy Managing Director Eric Chan said at present sales were valued at about RM1 billion."Previously, we focused on a two-year business plan. From 2014 to 2016, we're going to focus on growth and development of our four growth engines located in Penang, Iskandar Malaysia, Kuala Lumpur/Klang Valley and in London."Going forward, we expect sales to reach RM3 billion beyond 2017 given E&O's current strong financial position and concrete roadmap for the future," he told reporters after the company's annual general meeting today.Chan said the Seri Tanjung Pinang property development in Penang was almost complete with the launch of the final block of the Andaman condominium, Marina office and serviced apartments, and, super terrace houses.Another boost would come from the developmen

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