Homelore

E & O Property Development

Mostly in KLCC

Also known as E&O Property Development, E&O Property Development (subsidiary of Eastern & Oriental); completed 1999; 12 units, 3 storeys

How their buildings read

1 fair, 2 good

Outcomes still vary building by building. Check the building, not the brochure.

What we found

A Bursa Malaysia announcement dated 30 March 2022 records that wholly-owned subsidiaries Terra Damansara Sdn Bhd and Seventy Damansara Sdn Bhd were resolved to be wound up voluntarily, having been dormant or inactive.

The evidence

Corporate continuity

Negative

  • The 2007 proposal by Eastern & Oriental Berhad to merge with its 63%-owned property arm was its second attempt in under three years to delist that arm, after a 2005 voluntary offer whose delisting plan minority shareholders rejected.

One more finding

  • The Eastern & Oriental Berhad Annual Report 2022 group structure marks E&O Property Development Berhad, along with several other subsidiaries, as 'in liquidation', meaning the S&P-signing entity may no longer be trading.

Their buildings

Dua Residency: A swimming pool with turquoise water and a small floating platform with lounge chairs in front of a modern high-rise building.Dua ResidencyKLCC7.2GoodRitchie's PavilionAmpang HilirShort-stay guests and residents appreciate the high level of privacy, noting that new developments with hundreds of units cannot offer better privacy.7.4GoodSri Se EkarTaman U-Thant6.8Fair