Malaysia's Kenanga Investors to acquire asset manager Libra Invest

Malaysia's Kenanga Investors to acquire asset manager Libra Invest

Photo from Kenanga's website.

Kenanga Investors Berhad (KIB), the asset management subsidiary of Malaysian lender Kenanga Investment Bank, is acquiring fund manager Libra Invest for a provisional purchase consideration of 50.1 million ringgit ($12 million), according to a statement.

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