Hong Leong Bank: Maintains RM5.06bn EONCap offer

Hong Leong Bank Bhd  says there is no change to the structure of its all-cash takeover offer for smaller rival EON Capital Bhd. In a filing to the stock exchange, Hong Leong said its RM5.06bn offer as set out on 1 Apr this year would be maintained. Hong Leong also said that it had asked Bank Negara Malaysia on 4 Jun for more time to talk to EONCap as its offer had yet to reach the latter’s shareholders. (Business Times)

Popular posts from this blog

FBM KLCI Technical Outlook

Malaysia Inflation to start easing end-3Q or early 4Q2011

Trump’s Win – Bark Worse Than Bite?