Malaysia's Edaran shares halted amid merger talk

Newswire

KUALA LUMPUR, April 25 (Reuters) - Shares in Malaysian car distributor Edaran Otomobil Nasional (EON) were halted from trade on Friday, amid talk that it could be merging with the distribution arm of car-maker Proton Holdings Bhd . EON had yet to make an announcement to the stock exchange. Earlier, the Business Times said EON and state-controlled Proton were set to enter talks as early as Friday over merging their car-distribution businesses. A merger would allow Proton to focus solely ...

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