Thursday, March 18, 2010

Mark Mobius Acquires 5 Percent Stake in KSL Holdings

Mark Mobius Acquires Malaysian Property Management Company

Mark Mobius' Franklin Templeton Investments acquired a 5 percent stake in KSL Holdings of Malaysia via its Templeton Emerging Markets Group.

"We are impressed with KSL's diversified property projects and business model, and our investment will provide support for the company's continued growth and presence in the fast-growing Malaysian market," Mobius said in a statement Wednesday.

KSL provides management services to their subsidiaries who are in property management, property investment and property development in Malaysia.

No data was released as to what Templeton Emerging Markets Group paid for the stake in KSL Holdings.

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