NAZIFUDDIN NAJIB IN BID TO CONTROL EASTLAND

12 Jul 2013 11:19

KUALA LUMPUR, July 9 (Bernama) -- Mohd Nazifuddin Najib is seen to be entering the fray to thwart a group led by businessmen Teh Soon Seng, over control of Eastland Equity Bhd, corporate sources said.

They said that the two groups would likely battle for control of Eastland Equity, whose jewel in the crown is the Renaissance Kota Bharu, the only five-star hotel in Kota Baru, Kelantan.

Eastland is also involved in the RM200 million Bandar Tasek Raja project in Pasir Mas, Kelantan.

Eastland Equity, formerly Furqan Business Organisation Bhd, is principally involved in investment holding.

The company’s operating divisions include investment holding, leasing and financing, hospitality, investment properties, and property development.

-- BERNAMA

MR MR AS