EONCap: To table Hong Leong Bank’s offer to shareholders

The EON Capital Bhd (EON Cap) board will table the all-cash RM5.06bn, or RM7.30 per share, takeover offer from Hong Leong Bank Bhd   to shareholders at an upcoming EGM despite the disapproval of its independent financial adviser (IFA) as it is “in the best interests” of the financial group, it said. EON Cap told Bursa Malaysia that the board came to its decision after considering the opinions of IFA Credit Suisse Securities (M) Sdn Bhd, another of its advisers, Goldman Sachs (S) Pte Ltd and also after consideration of relevant aspects of the offer. It did not provide the date of the EGM but said it would be convened in due course. (StarBiz)

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