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Taiwan's KGI buying AmFraser Securities
TAIWAN'S KGI Securities plans to acquire stockbroker AmFraser Securities for S$38 million. The sale and purchase agreement, signed on Monday between KGI's wholly owned KGI Asia (Holdings) and AmFraser International, will enable KGI Securities - a wholly owned securities division of Taiwan Stock Exchange-listed China Development Financial Holding Corporation - to grow its client network to South-east Asia, Greater China, India and the Middle East.
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