Friday, April 16, 2010

Affin believed to have submitted rival bid for EONCap

Affin Holdings is believed to have revived its interest in EON Bank group in a rival bid that betters the one offered by tycoon Tan Sri Quek Leng Chan’s Hong Leong Bank (HLBB). Sources told The Edge Financial Daily that Affin, controlled by Lembaga Angkatan Tentera (LTAT) and its foreign partner Hong Kong’s Bank of East Asia Ltd, has put in revised proposal for EON Capital to Bank Negara to rival HLBB’s offer. According to sources this is the third time Affin has submitted a proposal for EONCap. It is believed that the offer is higher than the HLBB offer and it includes a share equity element.
(Financial Daily)


  1. The bid if not confirmed as per announcements on Bursa.

    - Affin denies bid
    - EON says not aware of new bid

  2. ok. Thanks for your information.

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