Mitsubishi UFJ Securities Holdings Sells Securities

Mitsubishi UFJ Securities Holdings Co. said Tuesday it will sell all of its equity stake in Singaporean securities firm Kim Eng Holdings Ltd. and dissolve their strategic alliance.

Mitsubishi UFJ Securities, a unit of Mitsubishi UFJ Financial Group Inc. <8306>, will sell the 29.16 pct stake to leading Malaysian financial group Mayban IB Holdings Sdn Bhd for 34 billion yen in response to Mayban’s tender offer for Kim Eng.

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