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Article: MALAYSIA'S BERJAYA GETS NOD TO INVEST IN VIETNAM STOCKBROKING JV.
- Article from:
- AsiaPulse News
- Article date:
- July 23, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KUALA LUMPUR, July 23 Asia Pulse - Berjaya Corporation Berhad (KLSE:3395) on Tuesday said its subsidiary company, Inter-Pacific Securities Sdn Bhd (IPS), has received approval from Vietnam's securities regulator to invest VND147 billion (US$9.19 million) in a stockbroking venture.
It said Inter-Pacific Securities on July 21 received the greenlight from Vietnam's State Securities Commission to acquire 14.7 million shares representing 49 per cent stake in the joint venture that will undertake stockbroking and related business.
The proposed investment will be jointly undertaken by Inter-Pacific Securities, Saigon Bank For Industry And Trade and Vietnam's Ky ...