Summary
WHY did Bank Negara shoot down EON Capital Bhd's proposal to issue 58.7 million new warrants to Primus Pacific Partners?
BANK NEGARA GAVE NO reasons for rejecting EON Capital Bhd's proposed issue of 58.7 million new warrants to its biggest shareholder Primus Pacific Partners LLP recently. So why did the Central Bank act the way it did?See the full content of this document
Extract
The Eon-Primus Poser
Some analysts believe that Bank Negara wants `a stronger commitment from Primus to put money into EON Cap' by subscribing to EON Cap's warrants with bonds, instead of just warrants.
Primus has not taken up the proposed bond issue by EON Bank Bhd, a subsidiar...See the full content of this document
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