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 firstname.lastname@example.org
To contact the editor responsible for this story: Sean Collins at email@example.com