TOKYO (MarketWatch) -- Mitsubishi UFJ Securities Holdings Co. is considering selling off its 29.9% stake in Singapore brokerage Kim Eng Holdings Ltd., after Malaysia's top financial group said it would seek full ownership of the unit, a person familiar with the matter said Sunday.The contemplated sale comes as Mitsubishi UFJ Morgan Stanley Securities Co., which was launched in May 2010, posted a loss of roughly about Y80 billion on its bond trading. If the Japanese brokerage sells its stake in Kim Eng, which is worth tens of billions of yen, that would help cover the trading loss. Full story
