Major shareholders of SP Setia Bhd, Malaysia's biggest developer, plan to buy a strategic stake in property and hospitality company Eastern and Oriental Bhd (E&O), people familiar with the matter said yesterday.
Business Times learnt that shareholders of SP Setia had made overtures in recent months with certain shareholders of E&O, who may have included Temasek Holdings (Pte) Ltd director Goh Yew Lin.
SP Setia's three biggest shareholders currently are Permodalan Nasional Bhd with a 32.9 per cent stake, the Employees Provident Fund with a 14.47 per cent interest, and SP Setia president and chief operating officer Tan Sri Liew Kee Sin, with 11.96 per cent.
As at July 30 2010, Singapore's G.K. Goh Holdings Ltd owned 13 per cent of E&O.
Read more: SP Setia eyes E&O http://www.btimes.com.my/Current_News/BTIMES/articles/SETIAB28/Article/#ixzz1TRmnyvwW
Business Times learnt that shareholders of SP Setia had made overtures in recent months with certain shareholders of E&O, who may have included Temasek Holdings (Pte) Ltd director Goh Yew Lin.
SP Setia's three biggest shareholders currently are Permodalan Nasional Bhd with a 32.9 per cent stake, the Employees Provident Fund with a 14.47 per cent interest, and SP Setia president and chief operating officer Tan Sri Liew Kee Sin, with 11.96 per cent.
As at July 30 2010, Singapore's G.K. Goh Holdings Ltd owned 13 per cent of E&O.
Read more: SP Setia eyes E&O http://www.btimes.com.my/Current_News/BTIMES/articles/SETIAB28/Article/#ixzz1TRmnyvwW
No comments:
Post a Comment