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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah can talk to Hong Leong over EON Cap sale

Posted on 15 January 2010

From Themalaysianinsider.com: State asset manager Khazanah Nasional Bhd has received Bank Negara’s green light to start negotiations with Hong Leong Bank Berhad over the disposal of its 10 per cent stake in EON Capital.

Hong Leong Bank is currently eyeing a merger with EON Capital which would make it Malaysia’s fourth largest banking group. Khazanah officials today said that they recently obtained the approval and are in the early stages of the process…………………………………Full Article: Source

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