- Kenanga Group To Begin Corporate Restructuring Exercise.
- Kenanga Investment Bank Signs Joint Venture Agreement with Rakuten Securities, Inc. - Collaboration Will Result In New Online Broking Platform To Boost Retail Participation.
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Kenanga Investment Bank Berhad
Kenanga Investment Bank Berhad ("KIBB") is the largest independent investment bank* in the country by equity trading volume and value, as well as one of the top three brokerage houses in Malaysia.
Kenanga Investment Bank Berhad ("Kenanga Investment Bank") completed the acquisition of the entire issued and paid-up share capital and business (including all assets and liabilities) of ECM Libra Investment Bank Berhad making it the largest independent investment bank in Malaysia.
Kenanga Investment Bank was granted an Investment Banking licence by the Ministry of Finance and on 5 January 2007 assumed its current name, Kenanga Investment Bank Berhad.
Upon completion of the merger exercise, Kenanga Investment Bank Berhad was granted Universal Broker status by the Securities Commission.
In line with the Securities Commission's aim to consolidate the stockbroking companies in Malaysia, K & N Kenanga Holdings Berhad (''Kenanga Holdings'') embarked on a merger exercise which involved:
This resulted in CMS becoming a major shareholder of Kenanga Holdings with 25.13% equity interest.
Kenanga Capital Sdn Bhd commenced its business of financing shares of companies approved for listing and quotations on Bursa Malaysia Securities Berhad under the purview of the Moneylenders Act 1951.
Kenanga Holdings entered into a joint venture with Deutsche Asia Pacific Holdings Pte Ltd which resulted in the establishment of Kenanga Deutsche Futures Sdn Bhd.
A holding company, K & N Kenanga Holdings Berhad was incorporated on 7 June 1994.
Deutsche Asia Pacific Holdings Pte. Ltd. became a shareholder when it acquired John Hancock International Holdings Inc. (''John Hancock'') 30% shareholdings in Kenanga Investment Bank.
John Hancock acquired a 30% equity interest in Kenanga Investment Bank.