Monday, August 29, 2011

GK Goh

GK Goh: To sell a 9.6% stake in Eastern & Oriental (E&O), comprising 84.0m ordinary stock and 22.0m convertible secured loan stocks, for RM243.8m ($99.1m). The price was approx a 58.6% premium over E&O last traded price Co will continue to hold a 3.5% stake in Eastern & Oriental. E&O is listed on the Mainboard of Bursa Msia and is engaged in property dev, invt, hospitality and lifestyle businesses.

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