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E&O up on building, land sale
by hlk Tue 12 Jul 2011, 10:21
KUALA LUMPUR: Eastern & ORIENTAL HOLDINGS BHD [] shares advanced on Tuesday, July 12 as the property developer expects to record about RM66 million in profit from the sale of a building and freehold land in Tanjong Tokong on Penang island for RM134 million cash.
At 9.20am, E&O gained two sen to RM1.54 with 231,000 shares traded
The E&O group’s original cost of investment in the land made in May 2004 was RM13.57 million while the CONSTRUCTION [] cost of the building incurred from March 2009 to May 2011 was RM54.17 million.
At 9.20am, E&O gained two sen to RM1.54 with 231,000 shares traded
The E&O group’s original cost of investment in the land made in May 2004 was RM13.57 million while the CONSTRUCTION [] cost of the building incurred from March 2009 to May 2011 was RM54.17 million.
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