Malaysia's EON delays share handout

Newswire

KUALA LUMPUR, May 29 (Reuters) - Malaysia's biggest car distributor EON said on Thursday it has delayed a move to distribute shares of its banking arm to its shareholders while the unit discusses a financial merger. Edaran Otomobil Nasional Bhd (EON) said the distribution of EON Capital Bhd shares would be deferred pending the conclusion of merger talks with AMMB Holdings Bhd . EON Capital and AMMB are in talks to merge their financial groups. EON, which owns 50.1 per cent of EON ...

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