KUALA LUMPUR, Nov 1 ― Kenanga Investment Bank Bhd, the holding company of Kenaga Group following the merger and transfer of assets and liabilities of K&N Kenanga Holdings Bhd, will be listed on Bursa Malaysia Securities Bhd tomorrow.

In a statement today, Kenanga Group Managing Director, Datuk Chay Wai Leong, said the group was committed to delivering long-term shareholder value and sustainable growth.

‘This restructuring facilities just that and enables the investment bank to better manage the group's resources more efficiently,’ he said.

Today, Kenanga Group is the largest independent investment bank by equity trading volume and value, as well as is one of the top three brokerage houses with the largest network of remisiers in the country.

In the last 18 months, Kenanga Group has announced key collaborations with leading international institutions through business cooperation agreements respectively with Tokai Tokyo Financial Holdings Inc and Yue Xiu Securities Holdings Ltd.

Kenanga Group recently also signed a joint venture agreement with Tokyo-based Rakuten Securities Inc which is anticipated to culminate in a new online broking platform for the securities business.

Kenanga Investment Bank is experience in equity broking, investment banking, listed derivatives, treasury, corporate advisory, Islamic banking, wealth management and investment management. ― Bernama