SP Setia not in takeover talks with E&O

Posted on | August 4, 2011

By BLOOMBERG

SP Setia Bhd is currently not in any takeover talks with Eastern and Oriental Bhd (E&O) or its shareholders.

SP Setia “continuously assesses possibilities for strategic partnerships and landbanking opportunities,” it said in a statement in Kuala Lumpur today.

The company was responding to a financial daily report that the Malaysian developer is among other companies keen to buy a stake in Eastern and Oriental.

- Malaysia Property News

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