Bursa Malaysia Stock Watch
EONCAP - EONCap rated a 'hold' by AmBank
kltrader
Publish date: Wed, 28 Jul 2010, 11:22 AM
kltrader
0 20,412
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Stock Name: EONCAP
Company Name: EON CAPITAL BHD
Research House: AMMB
EON Capital(EONCap) announced that its EGM has been set on August 19 for the purposed of considering Hong Leong Bank's offer to buy the entire assets andliabilities of EONCap for a cash consideration of RM5.06 billion.
AmBank said recent events reinforce its view that the takeover will likely proceed pending a favourable outcome to the defendants.
AmBank noted its fair value for EONCap remains at RM7.30 per share. - Reuters
Company Name: EON CAPITAL BHD
Research House: AMMB
EON Capital(EONCap) announced that its EGM has been set on August 19 for the purposed of considering Hong Leong Bank's offer to buy the entire assets andliabilities of EONCap for a cash consideration of RM5.06 billion.
AmBank said recent events reinforce its view that the takeover will likely proceed pending a favourable outcome to the defendants.
AmBank noted its fair value for EONCap remains at RM7.30 per share. - Reuters
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