KUALA LUMPUR: Shares of EON CAPITAL BHD [] advanced at the start of trade on Tuesday, May 3 after the acceptance of HONG LEONG BANK BHD []'s offer.
At 9am, EON Cap was up 27 sen to RM7.50 with 29,500 shares done. Hong Leong Bank rose eight sen to RM10.47 with 100 shares transacted.
Last Friday, EON Cap said the board had accepted the offer. It also proposed a dividend of RM311.94 million, translating into 44.9 sen per share, but to be paid to its parent EON Capital Bhd.
The proposed interim dividend was a surprise when EONCap announced'' it had accepted Hong Leong Bank Bhd's offer of RM5.06 billion or RM7.30 per share.
At 9am, EON Cap was up 27 sen to RM7.50 with 29,500 shares done. Hong Leong Bank rose eight sen to RM10.47 with 100 shares transacted.
Last Friday, EON Cap said the board had accepted the offer. It also proposed a dividend of RM311.94 million, translating into 44.9 sen per share, but to be paid to its parent EON Capital Bhd.
The proposed interim dividend was a surprise when EONCap announced'' it had accepted Hong Leong Bank Bhd's offer of RM5.06 billion or RM7.30 per share.
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