Bursa Malaysia Stock Watch
EONCap, Hong Leong shares actively traded
kltrader
Publish date: Mon, 09 May 2011, 01:34 PM
kltrader
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EON Capital Bhd (EONCap) and Hong Leong Bank Bhd shares were actively traded this morning following the completion of their merger.
The acquisition of the assets and liabilities of EONCap by Hong Leong Bank was completed on May 6 following the full remittance of the RM5.1 billion sale consideration to EONCap.
As at 10.35am, EONCap was up ten sen at RM7.50 while Hong Leong Bank advanced 22 sen to RM10.66.
EONCap shares gained after the company planned to distribute RM312 million in specisl dividend, which it accrued from EON Bank Bhd, to all entitled shareholders.
HwangDBS Vickers Research Sdn Bhd, in its research note today, said its top and Buy pick was Hong Leong Bank due to its domestic strength and prospects of an enlarged entity with the inclusion of EONCap.
It also maintained a hold for EONCap. - Bernama
The acquisition of the assets and liabilities of EONCap by Hong Leong Bank was completed on May 6 following the full remittance of the RM5.1 billion sale consideration to EONCap.
As at 10.35am, EONCap was up ten sen at RM7.50 while Hong Leong Bank advanced 22 sen to RM10.66.
EONCap shares gained after the company planned to distribute RM312 million in specisl dividend, which it accrued from EON Bank Bhd, to all entitled shareholders.
HwangDBS Vickers Research Sdn Bhd, in its research note today, said its top and Buy pick was Hong Leong Bank due to its domestic strength and prospects of an enlarged entity with the inclusion of EONCap.
It also maintained a hold for EONCap. - Bernama
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