Tuesday, June 8, 2010

#Flash* No go for Affin's acquisition of EON Cap

KUALA LUMPUR: AFFIN HOLDINGS BHD []'s plan to acquire EON CAPITAL BHD [] had been rejected, clearing the path for HONG LEONG BANK BHD [] to undertake its acquisition.

Affin Holdings said on Monday, June 7 that "Bank Negara Malaysia is unable to consider our application to seek the approval of BNM to commence negotiation with EON Cap and its major shareholders".

*For more, read Tuesday's The Edge FinancialDaily


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