EON Capital rejects HLB offer
Primus Pacific investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
“The offer is not in the interests of EON Capital and its shareholders based on, among other things, the purchase consideration,” the company said in a statement to the Kuala Lumpur stock exchange....
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