KWAP participation a boost of confidence for E&O

Mega project: A bird’s eye view of E&O’s Seri Tanjung Pinang development.

THE entry of the Retirement Fund Inc (KWAP) as strategic partner into the flagship project of Eastern & Oriental Bhd (E&O) in Penang has given the property developer the much needed dose of confidence from the market.

Because of the funding required for its reclamation works at the seafront in Penang for the Seri Tanjung Pinang (STP) project, E&O has for some time now underperformed the market.