Seri Tanjung Pinang Phase 2A (STP2A) project
In conjunction with the proposed land disposal, TPD, KWAP and Persada Mentari Sdn Bhd (PMSB) had signed a shareholders’ agreement to regulate their relationship in PMSB, currently a unit of TPD, to be owned on a 80.0% (TPD) : 20.0% (KWAP) basis to develop the STP 2A.
E&O also proposed to undertake a proposed restricted issue of 66.10 million new E&O shares to KWAP at an issue price within the range of RM1.84 to RM1.94, which willl enable to raise RM121.62mil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
