Published: Monday June 7, 2010 MYT 8:31:00 PM
PETALING JAYA: The much awaited counter-offer by Affin Holdings Bhd for EON Capital Bhd seems to have hit a snag as Bank Negara is not giving permission to the former to begin negotiations to buy the latter.
Affin said in an announcement to Bursa Malaysia late yesterday evening that the central bank was unable to consider its application to seek approval to commence negotiations with EON Capital and its major shareholders.
Affin had on May 4 submitted an application to Bank Negara for approval to commence negotiation with EON Capital.
No reasons were given by the central bank for its decision
http://biz.thestar.com.my/news/story.asp?file=/2010/6/7/business/20100607203657&sec=business
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