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Tuesday, April 26, 2011

China Construction Bank eyes stake in Malaysia's EON-source (Edge)

China CONSTRUCTION [] Bank Corp (CCB) has approached the Malaysian government about buying a stake in lender EON Capital , a source with direct knowledge of the matter told Reuters on Monday, April 25.

China's No.2 lender is awaiting Malaysia's Ministry of Finance's response to its request for approval to begin talks with major shareholders in Malaysia's seventh largest bank by market capitalisation.

"This is still at a very early stage. We've informed the Malaysian finance ministry," said the Beijing-based source.

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