Hong Kong-based Primus alleged that it was disadvantaged by advice Goldman gave concerning the December 2009 sale of EON Capital Bhd, a Malaysian bank that Primus had a 20% stake in. EON Capital was sold to a domestic rival Hong Leong Bank Bhd
PETALING JAYA: Private equity firm Primus Pacific Partners has lodged an appeal over a New York court’s refusal to hear its US$500mil claim against Goldman Sachs for issues related to the 1Malaysia Development Bhd (1MDB) scandal in Malaysia, reports the Financial Times (FT).
Hong Kong-based Primus alleged that it was disadvantaged by advice Goldman gave concerning the December 2009 sale of EON Capital Bhd, a Malaysian bank that Primus had a 20% stake in.
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