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 ykgan@bloomberg.net

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net


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