KUALA LUMPUR: Conglomerate SIME DARBY BHD [], which is bolstering its property development division, may acquire a 30% stake in developer Eastern & Oriental Bhd (E&O), two sources familiar with the deal said.
The stake include that held by Singapore-listed G K Goh Ltd, whose shares has been suspended pending an announcement on the deal which is expected as soon as this evening.
The shares of E&O were suspended before trading started today.
In a filing to Bursa, the company said the suspension request was pending an announcement.
The stake include that held by Singapore-listed G K Goh Ltd, whose shares has been suspended pending an announcement on the deal which is expected as soon as this evening.
The shares of E&O were suspended before trading started today.
In a filing to Bursa, the company said the suspension request was pending an announcement.
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