Monday, March 31, 2008

Primus Pacific Partners taking the rein

Remember the deal which saw Primus Pacific Partners paying a hefty RM9.55 a share in EON Cap, a near 60% premium on its trading price and claiming that it was not interested in gaining management control of the banking group?

Well, the latest headlines on EON Capital's new strategy really revealed who the boss it and who controls EON Cap newsflow.

EON Capital eyes tie-ups with China, Mideast banks

By ELAINE ANG

31 March. EON Capital Bhd is eyeing strategic tie-ups with a major bank in China and another in the Middle East in the second half this year thus providing it with the platforms to tap into the fast-growing markets. More here.


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