2001 - 2001

  • 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:
  • the acquisition of the subsidiaries of CMS Capital Sdn Bhd (“CMS”), Sarawak Securities Sdn Bhd and Sarawak Securities Futures Sdn Bhd, via the issuance of shares in Kenanga Holdings to CMS; and the acquisition of Peninsula Securities Sdn Bhd for cash.
  • This resulted in CMS becoming a major shareholder of Kenanga Holdings with 25.13% equity interest.