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 RM93.5mil, or 60 sen a share.The purchase raised Amazing Parade’s equity interest in E&O to 31.82%.
KUALA LUMPUR: Property developer Eastern & 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 RM93.5mil, or 60 sen a share.
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