AMMB sets aside RM40m for exposure to three SGX-listed stocks


KUALA LUMPUR: AMMB Holdings Bhd’s Singapore unit AmFraser Securities Pte Ltd had provided RM40mil for Singapore-listed Blumont Group, LionGold Corp and Asiasons Capital from a recent penny stock crash.

It said on Tuesday that AmFraser Securities’ clients had a gross exposure of about RM120mil to the three stocks.

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