What’s next for E&O?

Massive project: An artist’s impression of the proposed STP2 project. It is E&O’s impressive seafront development along Penang’s northeast coast between George Town and the beaches of Batu Ferringhi.

Largest shareholder Tham to manage the group’s gearing

THE last time high-end property developer Eastern & Oriental (E&O) Bhd made the news in a big way was in 2011 when a block of shares in the company was sold to Sime Darby Bhd, at a price that suprised the market.