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

KGI Fraser will drive regional growth in major Asian markets

Published Mon, Feb 2, 2015 · 09:50 PM

    Singapore

    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 owned subsidiary of KGI Securities, itself a wholly owned securities division of Taiwan-listed China Development Financial Holding Corporation.

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