KUALA LUMPUR: Sime Darby Bhd
will retain its remaining 22% stake in niche property developer Eastern & Oriental Bhd (E&O) after selling a 9.9% stake to Morning Crest Sdn Bhd, a company substantially held by Datuk Terry Tham Ka Hon.
Sime Darby group chief financial officer Tong Poh Keow said this meant Sime Darby would be E&O’s largest shareholder.
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