Analysts said the takeover would provide long-term value of E&O’s landbank, especially with the developer’s newly-reclaimed Seri Tanjung Pinang 2, Penang (STP2A). (File pic shows the master-planned seafront township of Seri Tanjung Pinang. - Provided Pix / 04 Feb 2021)
PETALING JAYA: The takeover offer of property developer Eastern & Oriental Bhd
(E&O) by one of its directors at a 3% premium is deemed to be a fair deal.
Analysts said the takeover would provide long-term value of E&O’s landbank, especially with the developer’s newly-reclaimed Seri Tanjung Pinang 2, Penang (STP2A).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
