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AmBank offers RM450 million financing facility to E&O for Andaman Island green projects

AmBank offers RM450 million financing facility to E&O for Andaman Island green projects
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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. ....

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