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Hong Leong Islamic gets order to transfer EONCAP Islamic biz

Posted on 25 October 2011

Hong Leong Islamic Bank Bhd has been granted by the High Court a Vesting Order transferring the entire business including all assets and liabilities of EONCAP Islamic Bank Bhd to the former with effect from Nov 1, 2011.

Following the vesting, EONCAP Islamic Bank Bhd will become a dormant company. “With the granting of the Vesting Order by the High Court, we are now one step closer towards celebrating Malaysia’s first vesting of an Islamic Bank,” said Hong Leong Bank group managing director Yvonne Chia in a statement here Monday………………………………………Full Article: Source

 
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