KUALA LUMPUR, Feb 26 - China Construction Bank
(CCB) is keen to acquire a stake in Malaysian lender
EON Capital Bhd , The Edge weekly newspaper reported on
Saturday.
China's No.2 lender may seek Malaysian central bank approval
to begin negotiations with EON Capital soon, said the report,
citing an industry source.
"It is possible that CCB will be given the nod to start
negotiations with EONCap under a government-to-government
initiative," the unnamed source said.
EON Capital is the subject of a takeover battle involving
its largest shareholder, Hong Kong-based private equity fund
Primus Pacific Partners, and other shareholders, over a plan by
Hong Leong Bank to acquire the smaller lender.
Primus filed a lawsuit to stop Hong Leong Bank, Malaysia's
sixth largest lender, from taking over EON Capital last year.
The case is ongoing.
The Edge report, which could not be immediately confirmed,
said it is not known how big a stake CCB is seeking.
(CCB) is keen to acquire a stake in Malaysian lender
EON Capital Bhd , The Edge weekly newspaper reported on
Saturday.
China's No.2 lender may seek Malaysian central bank approval
to begin negotiations with EON Capital soon, said the report,
citing an industry source.
"It is possible that CCB will be given the nod to start
negotiations with EONCap under a government-to-government
initiative," the unnamed source said.
EON Capital is the subject of a takeover battle involving
its largest shareholder, Hong Kong-based private equity fund
Primus Pacific Partners, and other shareholders, over a plan by
Hong Leong Bank to acquire the smaller lender.
Primus filed a lawsuit to stop Hong Leong Bank, Malaysia's
sixth largest lender, from taking over EON Capital last year.
The case is ongoing.
The Edge report, which could not be immediately confirmed,
said it is not known how big a stake CCB is seeking.
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