SBI Japannext buys 11.65% stake in N2N Connect

PETALING JAYA: Japanese online broker SBI Japannext Co Ltd has bought a strategic investment stake of 11.65% in N2N Connect Bhd, allowing for collaboration in developing alternative trading systems (ATS) for the Asian region.

This is the second Japanese firm to have shown interest in N2N. Presently, N2N’s second largest shareholder is Japanese financial services group SBI Holdings Inc which holds a 19.9% stake.