EON Cap reviewing HL Bank offer
Written by Darlene Liew
Monday, 25 January 2010 12:18
KUALA LUMPUR: EON Bank chief executive officer Michael Lor says EON CAPITAL BHD [] board is still reviewing HONG LEONG BANK BHD []'s RM7.10 share offer.
He said on Monday, Jan 25 that the board should be making announcement in a few days to meet the deadline of seven days set by Hong Leong Bank earlier.
Hong Leong Bank had on Jan 21 announced it was offering RM7.10 per share to acquire EONCap, which owns EON Bank Bhd.
The offer, to be fully satisfied in cash, translates to 1.4 times book valued based on a shareholders’ fund of RM3.49 billion as at Sept 30, 2009.
http://www.theedgemalaysia.com/business-news/158277-flash-eon-cap-reviewing-other-offers.html
No comments:
Post a Comment