Korea Investment & Securities Buys Indonesian Brokerage for $36.6 Million
- The company failed to take over Daewoo Securities and Hyundai Securities last year.
Brokerage house Korea Investment & Securities Co. Ltd. has acquired a 75 percent stake in a mid-sized Indonesian securities firm for USD 36.6 million (40 billion won) in early December, according to a company statement.
Korea Investment Holdings announced that its subsidiary, Korea Investment & Securities, has bought a major stake in Danpac Sekuritas as part of its efforts to strengthen overseas business. It confirmed that all relevant approvals including those from Otoritas Jasa Keuangan of Indonesia have been obtained.
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The purchase signals renewed interest by Korean investors in Indonesian markets. Danpac Sekuritas is a securities brokerage company incorporated in Indonesia, and is a member of the Indonesia Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin .
Korea Investment & Securities Co., Ltd. provides financial services and offers securities dealing, brokerage, underwriting, Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , and asset management services. The acquisition is in line with the company’s strategy to expand its securities brokerage business as an integral part of a long-term plan to become Asia's biggest investment bank. This also includes deepening its presence in key Asian markets such as Indonesia.
Korea Investment Holdings has recently recapitalized Korea Investment & Securities and become aggressive toward further acquisitions after having failed to take over Daewoo Securities and Hyundai Securities last year.
Brokerage house Korea Investment & Securities Co. Ltd. has acquired a 75 percent stake in a mid-sized Indonesian securities firm for USD 36.6 million (40 billion won) in early December, according to a company statement.
Korea Investment Holdings announced that its subsidiary, Korea Investment & Securities, has bought a major stake in Danpac Sekuritas as part of its efforts to strengthen overseas business. It confirmed that all relevant approvals including those from Otoritas Jasa Keuangan of Indonesia have been obtained.
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The purchase signals renewed interest by Korean investors in Indonesian markets. Danpac Sekuritas is a securities brokerage company incorporated in Indonesia, and is a member of the Indonesia Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin .
Korea Investment & Securities Co., Ltd. provides financial services and offers securities dealing, brokerage, underwriting, Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , and asset management services. The acquisition is in line with the company’s strategy to expand its securities brokerage business as an integral part of a long-term plan to become Asia's biggest investment bank. This also includes deepening its presence in key Asian markets such as Indonesia.
Korea Investment Holdings has recently recapitalized Korea Investment & Securities and become aggressive toward further acquisitions after having failed to take over Daewoo Securities and Hyundai Securities last year.