Monday, May 9, 2011

EON Capital rises on dividend distribution plan

KUALA LUMPUR: EON CAPITAL BHD [] shares gained on Monday, May 9 on its plans to distribute the RM312 million, or 44.9 sen per share, which it will receive as special dividend from its unit EON Bank Bhd to all its entitled shareholders.

At 9.40am, EON Capital was up nine sen to RM7.49 with 26,000 shares traded.

The dividend was proposed by EON Capital on April 29 and agreed by HONG LEONG BANK BHD [] as a last-minute extra condition to the latter's acquisition of EON Capital's assets and liabilities for RM5.06 billion.

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