UOB KH

UOB KH: To acquire Msian broker Innosabah Securities Bhd (ISB) from Kretam holdings. Consideration for the purchase shall be the sum of ISB's adjusted NAV as at 31 Dec 11 plus a RM15m ($6.2m) premium. ISB's end'10 NAV RM40.6m, with total sum at approx RM55.6m ($22.9m). ISB has over 30 dealer's representatives and 60 staff, and principal activities are dealing in securities listed on authorised stock exchanges, securities underwriting and custodian services. This is part of co’s regionalization strategy by establishing its presence in the stockbroking industry of Msia.