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Business

Sime proposes to sell 10% in E&O for RM342mil

By SHARIDAN M. ALI

PETALING JAYA: Sime Darby Bhd has proposed to dispose its 10% stake in Eastern & Oriental Bhd (E&O) to Paramount Spring Sdn Bhd for RM342mil as part of its asset monetisation plan.

E & O group managing director Datuk Seri Terry Tham Ka Hon is an indirect substantial shareholder Paramount Spring.

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Business , Sime Darby

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