K&N Kenanga Doesn’t Expect Further Write-Downs, Star Reports

K&N Kenanga Holdings Bhd. doesn’t expect further write-downs after saying it would report additional impairment charges of 44.3 million ringgit in the fourth-quarter ending Dec. 31, the Star reported, citing Kenanga Investment Bank Chief Executive Officer Lee Kok Khee.

K&N Kenanga will announce fourth-quarter financial results in February, the report says.

To contact the reporter on this story: Chong Pooi Koon at pchong17@bloomberg.net

To contact the editor responsible for this story: Sean Collins at scollins14@bloomberg.net

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