Sign up | Log in



Home  >>  Daily News  >>  Malaysia News  >>  Investment   >>  Malaysia’s state investor to shed stake in EON
NEWS UPDATES 15 January 2010

Malaysia’s state investor to shed stake in EON

Related Stories

January 14, 2010
Malaysia seeks more British investments

January 13, 2010
China, Malaysia in $11bn Borneo power project

December 20, 2009
India seeks to attract Malaysian investors to infrastructure projects

Khazanah Nasional Bhd has confirmed it is talking to Hong Leong Bank Bhd (HLB) to sell its stake in EON Capital Bhd (EON Cap), reported the StarBiz.

Managing director Tan Sri Azman Mokhtar said the investment agency had received Bank Negara approval to commence negotiations with HLB and its consideration was purely commercial.

“This is because our stake there (10 percent) is considered non-strategic and non-core investment,” he said. However, Azman said it was too early to gauge when the negotiations would be concluded.

“This is because we are not the only one involved in the negotiations as HLB is also preoccupied with other bigger shareholders of EON Cap,” he told reporters after Khazanah’s annual review yesterday. Azman declined to disclose the price offered for its EON Cap shares.

Azman said Khazanah would continue to divest its non-core assets this year. Over the past five years, it has raised about RM18bil through divestments, averaging 3.6 billion ringgit a year (1$=3.4 ringgit).


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand