Thursday, February 08, 2007

Update on EonCapital

On Tuesday, I blogged the following : EonCap Merger?

And I made the following remarks:

And guess what today, Business Times continued with the story yet again. (Why?)
  • EON Capital enters the fray for RHB CapThe Utama Banking Group board is due to meet by as early as today to consider the EON Capital bid said to be in concert with the Employees Provident Fund, sources say

The mighty sources strikes again! Crikey!

  • EON Capital enters the fray for RHB Cap
    By Francis Fernandezbt@nstp.com.my
    February 6 2007
    EVEN as suitor Kuwait Finance House (KFH) unravelled its bid yesterday for RHB Capital Bhd, the country's fourth largest financial group, a new party, EON Capital Bhd, was said by some sources to be preparing to join in the fray.

Last night, EonCapital comfirmed this story and that they have made a bid for RHB Capital.

Ah, finally for once, the source of the story became story.

But...

How and who leaked the story to the press?

Is this what they call Insider Info?

Hmmm....

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