Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (April 7): E-commerce securities trading solutions provider N2N Connect Bhd rose 6.08% in early trade after the company completed the acquisition of Hong Kong-based financial data and trading solutions provider AFE Solutions Ltd for US$18.6 million or RM82.4 million.

At 9.17am, N2N rose 4.5 sen to 78.5 sen with 260,900 shares traded.

N2N said the acquisition combines core technologies from leaders in the field of capital and finance market.

"When we incorporated the company in year 2000, we aspired to become Asia's largest one-stop service provider in the investment financial industry. AFE acquisition is [a] strategic [step] to help fulfil that mission," said N2N managing director Andrew Tiang.

      Print
      Text Size
      Share