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Taiwan's KGI completes acquisition of AmFraser for S$38m

KGI Fraser will drive regional growth in major Asian markets

KGI Fraser will be led by Foong Hock Meng as its chief executive officer


SINGAPORE stockbroking firm AmFraser Securities has been formally acquired by Taiwan's KGI Securities for S$38 million and rebranded as KGI Fraser Securities, a wholly owned subsidiary of KGI Asia Holdings, the KGI group announced on Monday.

KGI Asia Holdings is a wholly