KBC Asset Management, together with Concord Securities have acquired a stake in Taiwanese Sunrise Asset Management. KBC Asset Management will take a 45 per cent stake in Sunrise AM while CSC – the other key shareholder – will have a participation of 25 per cent. Subsequent to the acquisition, Sunrise AM will be renamed KBC-Concord Asset Management Company. Subject to regulatory approval, KBC Asset Management also intends to buy another 9 per cent of the company, which would bring its total shareholding to 54 per cent.