Eastern & Oriental Berhad (E&O) substantial shareholder Dato’ Seri Tee Eng Ho has increased his indirect stake in the property development group to 63.09% following the acquisition of 4.9 million shares through Amazing Parade Sdn Bhd.
E&O said Amazing Parade acquired three million ordinary shares on Sept 17, followed by another 1.9 million shares on Sept 18, through open-market transactions.
Following the acquisitions, Tee’s total indirect or deemed interest in E&O increased to 1.573 billion shares, representing 63.09% of the company’s issued shares.
The shares were registered under Amsec Nominees (Tempatan) Sdn Bhd – AmBank (M) Berhad for Amazing Parade Sdn Bhd.
Tee is deemed interested in the shares held through Amazing Parade pursuant to Section 8(4) of the Companies Act 2016.
Based on the latest filing, the additional 4.9 million shares represent approximately 0.20% of E&O’s issued share capital.
The latest purchases further consolidate Tee’s controlling shareholding in the property developer, with his indirect interest now exceeding 63%.
