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KTB Investment & Securities denies rumored acquisition interest

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KTB Investment & Securities denies rumored acquisition interest

South Korea-based KTB Investment & Securities Co. Ltd. denied rumors of its interest in acquiring Golden Bridge Investment & Securities Co.Ltd.

The company said in a regulatory disclosure Jan. 15 that it has not considered bidding for the small-size South Korean brokerage.

The Herald Business based in South Korea reported Jan. 15 that KTB Investment & Securities was interested in buying Golden Bridge Investment & Securities.

South Korean technology firm Sangsangin Co. Ltd. is withdrawing its earlier bid for a controlling stake in Golden Bridge Investment & Securities due to inability to obtain regulatory clearance.