Friday, August 12, 2011

Hong Leong Bank, EON Bank integration completed

KUALA LUMPUR: The integration of HONG LEONG BANK BHD [] and EON CAPITAL BHD []'s unit EON Bank has been completed, resulting in a combined 329 branches and over 1,400 self-service terminals.

A HL Bank official said on Friday, Aug 12 the integration was successfully completed and the customers could now enjoy expanded delivery channels, products and services through the combined branches and terminals.

EON Capital Bhd is expected to be de-listed either by the third quarter or early fourth quarter of this year barring any unforeseen circumstances.

On Oct 4, 2010, HL Bank's shareholders passed the resolution for the acquisition of the assets and liabilities of EON Capital Bhd for RM5.06 billion at the EGM.

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