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EON Cap: Expected to issue notice on EGM about RM5b takeover.

The board of EON Capital (EON Cap) is expected to send out to shareholders its EGM notice and circular on the RM5.06b takeover offer from Hong Leong Bank (HLBK) this week.  It is understood that the banking group held a board meeting yesterday to discuss what would be written in the circular after it had decided to go ahead and table the proposed offer to shareholders.  It did so despite resistance from its independent financial adviser, Credit Suisse Securities (M) Sdn Bhd, which had said the proposal was “not fair from a financial perspective.”  (Source: The Star)