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Wednesday, February 24, 2010

Hwang-DBS buys properties for RM46m

HWANG-DBS (Malaysia) Bhd has bought a three-storey office building and two-storey detached house annexed to a single-storey building in Ampang for RM45.7 million.

The properties will be used to house its operations in Kuala Lumpur.

Currently, the group runs its operations at Menara Keck Seng in Jalan Bukit Bintang.

Separately, it said wholly-owned unit HwangDBS Commercial Bank plc has formed an investment house in Cambodia known as HwangDBS Securities (Cambodia) plc.
The investment house aims to do stockbroking, corporate finance, underwriting, investment advisory and other related activities.

By Business Times

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