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Announced

Kenanga to acquire 19% stake in Tokenize.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For19%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Minority

cryptocurrencies

Pending

Payments / Commerce

Friendly

Acquisition

Private

Malaysia

Single Bidder

Synopsis

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Kenanga, a Malaysian financial services company, agreed to acquire 19% stake in Tokenize, a cryptocurrency exchange operator. Financial terms were not disclosed. Kenanga Investment group managing director Datuk Chay Wai Leong said in the statement the group has been building a digital ecosystem to offer its customers a wide spectrum of financial products and services, including digital assets.

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