EON Capital: We don’t want to sell out


Primus Pacific Partners Ltd yesterday broke its silence by clearly sending a message that it does not intend to sell out on its investment in EON Capital Bhd. Primus stressed that as far back as July 2007, the fund had already indicated a long term commitment to the Malaysian banking industry and its desire to make a valuable contribution to EONCap and its businesses. Primus stated that its investment in EONCap has yielded some strong results. It said the management has successfully transformed the bank that has resulted in a 155% increase in net profits for 2009, a well capitalised balance sheet with strength to grow its core business. (Financial Daily)

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