KUALA LUMPUR: Shares of HONG LEONG BANK BHD [] and EONCapital Bhd extended their gains on Monday, May 9 as investors were positive on the completion of the takeover of EONCap.
The added sweetener was that EONCap confirmed it would distribute the RM312 million which it would receive as special dividend from its unit EON Bank Bhd to all its entitled shareholders. This would amount to 44.9 sen a share.
At 3.42pm, HL Bank rose 76 sen to RM11.20 with 2.12 million shares done while EONCap added 11 sen to RM7.51 with 1.45 million shares transacted.
The FBM KLCI rose 3.59 points to 1,519.09. Turnover was 490.86 million shares valued at RM684.05 million. However, the broader market was cautious with 407 declining stocks to 273 gainers.
Last Friday, May 6 EONCap said it wouldl distribute the RM312 million which it would receive as special dividend from its unit EON Bank Bhd to all its entitled shareholders.
The dividend was proposed by EONCap on April 29 and agreed by Hong Leong Bank Bhd as a last-minute extra condition to the latter's acquisition of EONCap's assets and liabilities for RM5.06 billion.
EONCap also said on Friday Hong Leong Bank's offer had been completed. It said the amount had been fully remitted to EONCap.
The added sweetener was that EONCap confirmed it would distribute the RM312 million which it would receive as special dividend from its unit EON Bank Bhd to all its entitled shareholders. This would amount to 44.9 sen a share.
At 3.42pm, HL Bank rose 76 sen to RM11.20 with 2.12 million shares done while EONCap added 11 sen to RM7.51 with 1.45 million shares transacted.
The FBM KLCI rose 3.59 points to 1,519.09. Turnover was 490.86 million shares valued at RM684.05 million. However, the broader market was cautious with 407 declining stocks to 273 gainers.
Last Friday, May 6 EONCap said it wouldl distribute the RM312 million which it would receive as special dividend from its unit EON Bank Bhd to all its entitled shareholders.
The dividend was proposed by EONCap on April 29 and agreed by Hong Leong Bank Bhd as a last-minute extra condition to the latter's acquisition of EONCap's assets and liabilities for RM5.06 billion.
EONCap also said on Friday Hong Leong Bank's offer had been completed. It said the amount had been fully remitted to EONCap.
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