It is learnt that shareholders from SP Setia have made overtures with Eastern and Oriental (E&O) in the recent months. However, SP Setia president and chief operating officer, Tan Sri Liew Kee Sin did not confirm nor deny of SP Setia's interest in buying E&O.
A company official who do not want to be named mentioned "SP Setia is always looking for new acquisitions including land deals and strategic stakes."
When contacted, E&O deputy managing director, Eric Chan said, the management was not in any acquisition talks with any party.
Full news at Business Times
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