KUALA Lumpur City Corp Bhd's (KLCCB) wholly owned subsidiary KL City Securities Sdn Bhd (KLCS) will tap fee-based transactions through the establishment of a corporate finance department, expected by the second half of this year.
KLCCB chairman Mohd Nasir Ali said with the establishment of a corporate finance department, the group would rationalise its diversification income stream plan to include fee-based income from corporate advisory and private debt securities (PDS) trading.