Kenanga Investment Bank Berhad to acquire the 15.20% stake in Merchantrade Asia.

Kenanga Investment Bank Berhad, a Malaysian financial services company, agreed to acquire the 15.20% stake in Merchantrade Asia, a financial service company. Financial terms were not disclosed. “We are excited about Kenanga Group’s increased equity interest in Merchantrade, which further solidifies the synergies between both companies. Technology, innovation, and partnerships have been the cornerstone of our accelerated growth over the last few years. With this new development, we eagerly anticipate the next phase of our journey,” Ramasamy K. Veeran, Merchantrade Managing Director and Founder.