HWANG-DBS Securities Bhd (HDBS Securities), a wholly-owned subsidiary of Hwang-DBS (M) Bhd, has proposed to acquire the stockbroking business of Thong & Kay Hian Securities Sdn Bhd (T&KH Securities) for RM10mil.
In a statement to the KLSE, HDBS Securities said it would finance the acquisition with internally generated funds and bank borrowings.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!