PETALING JAYA: Kenanga Investment Bank Bhd (KIBB) has proposed to take over unit trust management company Libra Invest Bhd for about RM50.1mil cash.
In its filings with Bursa Malaysia, KIBB said its wholly owned subsidiary Kenanga Investors Bhd (KIB) had entered into a conditional share purchase agreement with ECM Libra Financial Group Bhd to acquire the entire issued share capital or 6.5 million shares of Libra Invest.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!