KUALA LUMPUR: Property developer Easter & Oriental Bhd said Datuk Tee Eng Hong, one of its directors, has made a conditional mandatory general offer to buy out minority shareholders in the company for 60 sen a share.
This is after Tee, through his private investment vehicle Amazing Parade Sdn Bhd on Friday acquired an additional 10.89% stake in the company from Sime Darby Bhd
for 93.5mil, or 60 sen a share.
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