1) RHB Investment Bank expands Singapore operations with acquisition of DMG & Partners
The company has been rebranded as RHB Securities Singapore.
RHB Investment Bank had expanded its Singapore operations with its acquisition of the remaining interest in DMG & Partners Securities.
RHB signed a conditional share purchase agreement with DAPH late last year to acquire the latter’s remaining 49% equity interest in DMG.
This transaction follows the successful business merger between RHB Investment Bank and OSK Investment Bank in April 2013, during which the 51% stake held by OSK Investment Bank in DMG was transferred to RHB Investment Bank.
The company has been rebranded as RHB Securities Singapore Pte Ltd with immediate effect
2)
Publication date 31 December 2012 | 03:39 ICT Share
OSK Investment Bank Berhad (OSKIB), the parent company of OSK Indochina Bank Limited (OSKIBL), has become a wholly owned subsidiary of the Malaysia-based financial services group RHB Capital Berhad (RHB Capital), effective from November 9.
The merger will change the ownership of OSKIBL from OSKIB to RHB Capital, giving OSKIBL access to larger financial resources and serve a wider network.
“We are now in a stronger banking group. Therefore, we will be able to receive stronger financial support from our parent company, which is now the RHB Capital group,” OSKIBL country head Lim Loong Seng said.
“We are also able to do bigger loans, serving a wider segment of the Cambodian market. After the merger RHB will have a presence in nine ASEAN countries. That means we will have a much wider network and much wider service coverage.
“We’ll be able to serve the people in Cambodia, but Cambodians are also interested in expanding overseas.
“This merger will transform OSKIBL into a more diversified financial institution, and customers of OSKIBL will be able to enjoy a wider range of innovative products and services that are currently offered in other markets within the RHB Banking Group.”
In July, the Post reported that RHB Capital had announced it would acquire OSKIBL via the transfer of 100 per cent of OSKIB shares from parent OSK Holdings, giving OSK Holdings a 10 per cent stake in RHB Capital Group.
Lim Loong Seng said the first stage of the merger had been successfully completed after gaining the necessary regulatory approvals.
Nguon Sokha, director-general of the National Bank of Cambodia (NBC), said the NBC supported mergers like this if they strengthened the banking sector and provided better services at an affordable cost.
“In principle, the policy of the NBC is to strengthen the banking system in Cambodia,” she said.
“As long as the bank can strengthen with the transformation and the new structure [and] can provide better-quality services to the customer, we’ll support the transformation.”
To contact the reporter on this story: Anne Renzenbrink at anne.renzenbrink@phnompenhpost.com Contact author: Anne Renzenbrink MOST VIEWED
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give u 1sen dividend share price drop 2sen , is very undervalue but the share price won’t up, wait until your son born out the price still slowly dropping
ya..is a difficult period for property ..even secondary mkt cant sell...unless u sell way below mkt price..i think we r heading to a property crash...big q to ask is who will survive ?...the bigger the harder they fall ?..bank r not lending....
I am GheeKong but using my nick nickname Highfive Bread. WA is of no value to everybody but him. A small premium to pay to gain more Osk's share because to him Osk is worth a lot more than the share price now. By converting the wa to the mother share,it is just the same as buying a lot of the mother share in the open market as it will also push the mother share price up. He will indeed pay a lot more for the mother share by buying directly in the open market. Osk is worth more than 2 ringgit to him you know. Don't believe me,you can try buying 10m of the mother share in the open market and see if you can just buy it without the share price moving up at all. So be careful. After the WA has expired,it will be a different story for Osk share price. As of now Osk is very undervalue.
Paying 1.20 to convert half the wa that was issued to him is like buying 178,288,582 mother share in the open market. Total wa issued was 356,577,165. We know more than half belongs to him. I am using half as an example. WA zero but he will still convert. Pay 1.20 ringgit for something that is worth more than 2.00 ringgit, why not. The warrant was given to him free anyway.Just imagine buying 10m shares every trading day for at least 18 days. What do you think will happen to the mother share price.
I know a Chicken Rice seller who never pay taxes suddenly decided to buy a BMW. Income tax calls and hit him with a 30k tax bills. But he said the money belong to his Mother (given by his late father). 60 days later his mother was hit by a 30K income tax bill
What he said is not false in the AGM.but it will also increase his share holding in Osk as well. Can easily borrow from RHB IF not enough.Don't underestimate his financial standing.Chicken rice seller does not employ tax consultant,he has plenty of consultants working for him.
My point is,it does not matter to him as to the price of the wa. He may well be buying up all the wa because it is a cheaper way to increase his holding in Osk. He will convert no matter what because Osk is very undervalue. He will never sell the wa.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cocqueen
692 posts
Posted by cocqueen > 2018-03-12 10:31 | Report Abuse
the islamic bond they r raising is shariah compliant not the stock