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Apex Equity, Mercury Securities extends merger timeline

Apex Equity Holdings Bhd. and Mercury Securities Sdn Bhd have obtained approval to extend the time to complete their planned merger.

Bursa Malaysia Securities Bhd. granted its approval for an extension of six months until July 15 to complete the merger, according to a Jan. 6 release.

The two Malaysia-based companies agreed to merge in 2018. Under the agreement, Mercury Securities will transfer its stockbroking, corporate advisory and other related businesses to Apex Equity.