N2N proposes to buy AFE Solutions for RM86mil

PETALING JAYA: N2N Connect Bhd is proposing the acquisition of Hong Kong-based financial data and trading solutions provider AFE Solutions Ltd for a cash consideration of US$20.6mil (RM86.3mil) to expand the company’s regional presence.

The company said in a filing with Bursa Malaysia that a conditional sale and purchase agreement with Reuters International Holding SARL and Systex Capital Group Inc for the proposed acquisition of the company has been entered into.