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EON falls on takeover extension rejection

Published: 2010/02/09
 
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EON Capital Bhd, a Malaysian bank, fell to its lowest level in seven weeks in Kuala Lumpur trading after Hong Leong Bank Bhd rejected a request from some EON shareholders to maintain its earlier takeover offer until after an extraordinary meeting to elect new directors.

The stock fell 2.3 per cent to RM6.52 at 9:20 a.m. local time, set for its lowest close since Dec. 16. - Bloomberg






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