TA Securities expands with takeover of Kota Baru firm

  • Business
  • Tuesday, 12 Oct 2004

TA Enterprise Bhd yesterday expanded its securities business with the take over of Kota Baru-based KB Securiti Sdn Bhd, making the latter its fourth branch following its offices in Kuala Lumpur and Sarawak. 

executive director Philip Chang said that the takeover, which involved RM30mil, was aimed at further strengthening the company’s position in the securities sector, which was beginning to bring in good revenue. 

With the takeover, the company’s name has been changed to TA Securities Sdn Bhd, Chang told reporters following a ceremony in Kota Baru yesterday to mark the takeover. 

Chang said that besides Kelantan, the company had two branches in Kuala Lumpur, namely TA Securities Sdn Bhd and Botly Securities Sdn Bhd and one in Sibu, Sarawak known as Borneo Securities Sdn Bhd. 

He said that the new company would further strengthen its position in the securities market, which was beginning to get good response from the people. 

He said potential was also good in Kelantan for its business in view of the response here for the share market and their tendencies for selected indices traded in the market. 

Chang said there were 43,000 active customers in the state’s share market industry and this was expected to increase to 60,000 by end of this year. – Bernama  

 TA :  [Stock Watch]  [News]

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