KUALA LUMPUR: Property developer Eastern & Oriental Bhd
(E&O) plans to divest RM700mil in non-core assets, including shopping malls as well as vacant land in Penang and here.
The proposed divestment included the ongoing sale of the Lone Pine Hotel in Batu Feringhi, Penang for RM85mil and 0.9-acre freehold land at Jalan Liew Weng Chee (off Jalan Yap Kwan Seng), for RM68.7mil.
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