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Acquisition: HLBB: May ask EONCap to provide more


Hong Leong Bank Berhad may request EON Capital Bhd (EONCap) to make further provisions before the proposed acquisition of the latter is finalized. In a written reply to The Edge Financial Daily, HLBB’s parent Hong  Leong  Financial Group  noted:  “There  has  been  no  change  to  our  offer  of Apr  1,  2010. However, we may request  the  board  of EONCap  to make  such  provisions,  as we  consider  appropriate,  before  completion  to  facilitate  the integration and harmonisation of the two banks. It is believed that the provision relates to some loans in the Middle East.
(Financial Daily)