Bloomberg News

Jerneh Asia May Have Called Off Developer Acquisition, Edge Says

October 13, 2011

Oct. 14 (Bloomberg) -- Jerneh Asia Bhd., which sold its insurance business, may have abandoned discussions to acquire a property developer, The Edge Financial Daily reported, citing a person it didn’t identify.

Jerneh may possibly undertake a capital repayment to shareholders, the newspaper said. A spokesperson for Jerneh declined to comment on the matter, it said.

To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at

To contact the editor responsible for this story: Chan Tien Hin at

We Almost Lost the Nasdaq

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus