Saturday, November 27, 2010

Kim Eng to buy 70pc of Interpac Sec

Kim Eng Holdings Ltd said it has agreed to buy 70 per cent of Interpac Securities Group, a stockbroking unit of Malaysia's Berjaya Corp.

The business is valued at RM142 million, Kim Eng said in a statement to the Singapore stock exchange late yesterday. It did not say how much it is paying for the Interpac stake. -- Bloomberg

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