KUALA LUMPUR: Kamunting Management Services Sdn Bhd, an indirect wholly-owned subsidiary of Eastern & Oriental Bhd
(E&O), has entered into a share sale agreement (SSA) with Penang Development Corporation (PDC) to acquire the remaining 40 per cent of the issued share capital in E&O-PDC, comprising 14,000 ordinary shares, for RM46.95 million.
In a filing with Bursa Malaysia today, E&O said Kamunting is currently the registered owner of 21,000 ordinary shares, equivalent to 60 per cent of the shareholding in E&O-PDC.
