Vesting Order Granted for the Transfer of EONCAP Islamic Bank into Hong Leong Islamic Bank Effective 1 November 2011
Kuala Lumpur, 24 October 2011
Kuala Lumpur, 24 October 2011 - Hong Leong Islamic Bank Berhad ("HLISB") wishes to announce that the High Court had today, 24 October 2011, granted a Vesting Order transferring the entire business including all assets and liabilities of EONCAP Islamic Bank Berhad ("EIBB") to HLISB with effect from 1 November 2011. Following the vesting, EONCAP Islamic Bank Berhad will become a dormant company.
"With the granting of the Vesting Order by the High Court, we are now one step closer towards celebrating Malaysia's first vesting of an Islamic Bank. As it is only effective from 1 November 2011, it will continue to be business-as-usual for customers and business associates of both banks until further notice. Uninterrupted service and seamless continuity of our banking operations at both banks will continue," said Yvonne Chia, Group Managing Director of Hong Leong Bank.
-END-Press Release - 24/10/2011
