Asia
Beyond Securities Acquires Kingsford Securities for Nearly THB38 Million
Beyond Securities (BKK:BYD) completed its acquisition of a 90% stake in Kingsford Securities for 37.5 million baht, making the brokerage its subsidiary, according to a Friday Thailand Exchange filing.The company purchased 850.5 million existing shares from Kingsford Holding at 0.04404 baht per share after obtaining the required regulatory approvals.Beyond Securities said it will proceed with the remaining restructuring steps, including subscribing to newly issued Kingsford shares and transferring its securities business to KFS through a partial business transfer.
BKK:BYD
