EONCap – Bank Negara consent to request
Filed Under (Business News) by Webmaster on 21-01-2010
Tagged Under : Eoncap, Hong Leong
EON Capital Bhd was given the regulator’s consent to start merger talks with Hong Leong Bank Bhd, the sixth largest bank by assets.
Bank Negara Malaysia (BNM) has no objection for EONCap to begin negotiations with Hong Leong that will lead to the “merging (of) the licensed entities under EON Capital Group with Hong Leong Bank Group,” EONCap said in a stock exchange filing yesterday. The approval is valid until June 30.
Yesterday’s announcement came after EONCap on Tuesday said it has asked for BNM’s approval to talk to “third parties” for the potential sale of its banking assets or for the purchase of other rivals.
Hong Leong was already granted the approval earlier to start talks with EONCap’s board.
