EON CAPITAL BHD [] received 97% of the voting shares present at the EGM for it to be acquired by HONG LEONG BANK BHD [] for cash consideration of RM5.06 billion.
This resolution was passed at EON Cap’s EGM on Monday, Sept 27. EON Cap said 97% of the shares which voted in favour of the resolution was 423.797 million shares while the other 3%, or 13.127 million shares, opposed.
The second resolution for a special dividend received the approval of 97.23% or 424.836 million shares while 2.77% or 12.088 million shares were against.
EON Cap said the total shares voted by shareholders present and voting at the EGM amounted to 436,925,187 shares.
“As set out in ordinary resolution 1 on the proposed disposal, which has been passed by the shareholders of the company at the EGM held on Sept 27, the board of EON Cap has been duly empowered by the shareholders of the company to decide, at its sole discretion, whether or not to accept Hopng Leong Bank’s offer, subject to the final decision of the High Court of Malaya in relation to the petition filed by Primus (Malaysia) Sdn Bhd on June 21, 2010 (“Petition”) being obtained.
“Accordingly, the decision of the board on the acceptance the offer will only be made and announced at a later date after the final decision of the High Court of Malaya on the petition has been obtained. Please note that to-date, the court hearing for the petition is still on-going,” it said.
Written by The Edge Financial Daily
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