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KUALA LUMPUR: EON Capital Bhd (EON Cap) director Datuk Seri Dr Tiong Ik King yesterday testified in court on the conduct of Primus (M) Sdn Bhd, describing the latter as 'a dangerous investor' with a 'reckless' attitude towards the BAFIA (Banking Financial Institutions Act).
PETALING JAYA: One of the factors that is being considered by Bank Negara in reviewing the application by China Construction Bank Corp (CCB) to buy into EON Capital Bhd (EON Cap) is the fact that another state-owned bank from China, the Industrial and Commercial Bank of China (ICBC), already has a banking licence in Malaysia, industry sources said.
PETALING JAYA: The implications of the newly-passed Financial Services Act (FSA) is still being hotly debated. CIMB Research says it does not see banking tycoons having to sell down their stakes as a result of the FSA.