This content is from: Innovation

Mitsubishi To Sell $423M Kim Eng Stake

Mitsubishi UFJ Securities Holdings will sell its stake in Singapore’s Kim Eng Holdings.

Mitsubishi UFJ Securities Holdings will sell its stake in Singapore’s Kim Eng Holdings, The Wall Street Journal reports. The stake sale by the Japanese broker is likely to be valued at around $423.5 million.

Malaysia’s Malayan Banking earlier this year said its plans to acquire a 44.6% share in Kim Eng. Mitsubishi partnered with Kim Eng in 2007 to offer a broad array of Asian equities targeting clients in Japan and globally.

Click here for the story from The Wall Street Journal.

Related Content