Hong Leong Bank-EON Cap merger will create Malaysia’s 4th largest bank


PETALING JAYA: Two major shareholders of EON Capital Bhd (EON Cap) - Singaporean Rin Kei Mei through Kualapura Sdn Bhd and Lintang Emas Sdn Bhd, and the Tiong group through RH Development Sdn Bhd - have received the green light from Bank Negara to negotiate the sale of their stakes in the banking group.

In separate announcements to Bursa Malaysia yesterday, EON Cap said its board had been notified by RH Development Corp, Kualapura and Lintang Emas that they had received approval from Bank Negara to start negotiations with Hong Leong Bank Bhd (HLB).

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