Hong Leong Bank Bhd, Malaysia’s sixth-biggest lender by market value, agreed to sweeten its RM5.06 billion (US$1.7 billion) takeover offer of smaller rival EON Capital Bhd by allowing it to pay a dividend to existing shareholders as part of the deal, a person familiar with the matter said.
EON’s board met last night to approve a dividend payment of about 40 sen per share after obtaining Hong Leong’s agreement following several rounds of negotiations, said the person, who asked not to be identified because the process is private.
Shares of EON and Hong Leong Bank were suspended on the Kuala Lumpur stock exchange today, pending an announcement.
EON’s board met last night to approve a dividend payment of about 40 sen per share after obtaining Hong Leong’s agreement following several rounds of negotiations, said the person, who asked not to be identified because the process is private.
Shares of EON and Hong Leong Bank were suspended on the Kuala Lumpur stock exchange today, pending an announcement.
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