KUALA LUMPUR (Dow Jones)--Malaysian property group Mulpha International Bhd. (3905.KU) is seeking Bank Negara'a approval to start talks to buy a stake in EON Capital, the Star newspaper reported Wednesday.
"Mulpha a few days ago sought the central bank's permission to speak to EON Capital's shareholders to buy a stake in the bank. The decision is pending," the daily said, citing an unnamed source.
According to the daily, Mulpha may be interested in a 20% stake in EON Capital, a subject of takeover by Hong Leong Bank Bhd. (5819.KU), which is offering MYR7.10 a share for EON Capital.
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