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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek spurns joint-bid invite

Posted on 30 December 2009

From Thestar.com.my: Primus Pacific Partners Ltd, the major shareholder at the centrestage of a buyout tussle for EON Capital Bhd (EON Cap), is said to have made a last minute attempt to mount a counter bid to Hong Leong Bank Bhd’s proposed takeover of EON Cap.

However, sources indicated that Primus’ invitation to Temasek Holdings Ltd, which is the Singapore government’s investment arm, was not likely to materialise as Temasek had declined the offer for a joint bid…………………………………….Full Article: Source

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