Monday, August 30, 2010

EON Cap says awaiting BNM response on Ng's appointment as director

KUALA LUMPUR:EON CAPITAL BHD [] is awaiting Bank Negara Malaysia's (BNM) response over the renewal of Ng Wing Fai's appointment as a director which expired on July29.

EON Cap said on Monday, Aug 30 that it had'' submitted an application to BNM on May 17 for the renewal of Ng's appointment as a director and 'BNM has advised that it will respond to EON Cap's application in due course'.

EON Cap said with effect from July 30, although Ng remained as a director of EON Cap under the Companies Act, 1965, but by due to the restrictions imposed under the central bank's guideline, he is not allowed to participate in and has not participated or deliberated at, any board meetings since the board meeting held on July 27.


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