KUALA LUMPUR: TA Enterprise Bhd (TAE) is selling its Hong Kong unit, TA Securities (HK) Ltd (TAHK), to China King Sun Finance Group Ltd for RM6.8 million. In a filing to Bursa Malaysia yesterday, it said the deal, which was entered into via its units TA International Sdn Bhd and TA Nominees Sdn Bhd, does not require the approval of TAE shareholders. “However, the proposed disposal requires the approval from the Hong Kong Securities and Futures Commission in respect of the new substantial shareholder of TAHK as a result of the proposed sale and purchase of the shares,” it added.
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