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 email@example.com
To contact the editor responsible for this story: Chan Tien Hin at firstname.lastname@example.org