E&O’s Lone Pine Hotel disposal to strengthen balance sheet

KUCHING: Eastern & Oriental Bhd’s (E&O) Lone Pine Hotel disposal has been viewed positively by analysts as this will strengthen the group’s balance sheet via realising cash resources. In a filing on Bursa Malaysia, E&O’s board of directors announced that wholly-owned Eastern & Oriental Hotel Sdn Bhd has  entered into a share sale agreement with … Continue reading E&O’s Lone Pine Hotel disposal to strengthen balance sheet