Wan Azmi on E&O, snakes and knife-making

TheStar Sat, Mar 23, 2019 08:15am - 5 years View Original


From pythons and durian farming to insights into the property market and why retirement doesn’t work for him, businessman Tan Sri Wan Azmi Wan Hamzah (pic) waxed lyrical in a casual chat with StarBizweek this week.

“Creativity has not died in me” enthuses the tycoon, who in the last few years has gone into farming, knife-making and painting, among other pastimes. This week, he surprised the corporate world with a ‘re-entry’ into Eastern & Oriental Bhd (E&O), a company he had a long history with.Wan Azmi, via his corporate vehicle, Sweetwater SPV Sdn Bhd, has forked out RM127.6mil for a 9.09% stake in E&O through a private placement exercise.

   

For Wan Azmi, spending this huge amount of money is not surprising.

Wan Azmi, along with his wife Puan Sri Nik Anida Nik Manshor, stand to pocket a whopping RM570mil from the sale of their 30% stake in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) that took place late last year.

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