Yuanta Securites to purchase 99.9% stake in KKTrade Securities

Yuanta Securites Asia Financial Services is to buy a 99.99% stake in KKTrade Securities from Kiatnakin Phatra Financial Group, subject to regulatory approval; completion is expected within three months.

Taiwan securities broker to buy KKTrade

Yuanta Securities Asia Financial Services, a Taiwan-based securities broker, yesterday entered into an agreement to acquire a 99.99% stake in KKTrade Securities from Kiatnakin Phatra Financial Group (KKP).

The deal, subject to approvals from the Securities and Exchange Commission and Taiwan's Financial Supervisory Commission, is expected to be completed within three months, KKP said in a statement.