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

KGI Fraser will drive regional growth in major Asian markets

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

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

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