KUALA LUMPUR (Dec 20): Shares of KAF-Seagroatt & Campbell Bhd advanced in the morning session on Tuesday on news that a Singapore bank was keen on acquiring the securities business
At 12.30pm, KAF was up 10 sen to RM1.43 with 88,400 shares done.
The FBM KLCI fell 5.14 points to 1,472.64. Turnover was 849.18 million shares done valued at RM510 million. There were 274 gainers, 352 losers and 277 stocks unchanged.
The Edge FinancialDaily reported the Singapore bank had conducted its own feasibility study on the company and was 'interested to enter into talks to acquire the business'.
There has been market talk that KAF's stockbroking business, which is parked under the listed entity of the KAF group, is potentially up for sale. The KAF group has an investment banking unit and a fund management business as well, which are not listed.
At 12.30pm, KAF was up 10 sen to RM1.43 with 88,400 shares done.
The FBM KLCI fell 5.14 points to 1,472.64. Turnover was 849.18 million shares done valued at RM510 million. There were 274 gainers, 352 losers and 277 stocks unchanged.
The Edge FinancialDaily reported the Singapore bank had conducted its own feasibility study on the company and was 'interested to enter into talks to acquire the business'.
There has been market talk that KAF's stockbroking business, which is parked under the listed entity of the KAF group, is potentially up for sale. The KAF group has an investment banking unit and a fund management business as well, which are not listed.
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