Wednesday, March 9, 2011

OSK Investment Bank, Okasan Securities to promote capital mkt business

KUALA LUMPUR: OSK HOLDINGS BHD []'s unit OSK Investment Bank Bhd (OSKIB)'' and Japan's Okasan Securities Company Ltd will explore opportunities to promote the capital markets business in countries such as Malaysia, Indonesia, Singapore and Japan.

OSKIB and Okasan had on Wednesday, March 9 signed an MoU to look into the opportunities in these countries and any other capital markets to be agreed by both parties.

Under the MoU both parties would exchange information on macroeconomics and securities markets.

It would also involve an interchange of personnel; joint development of international business; joint research and collaborative development of investment products; and joint seminars on securities investment and mutual arrangement of local company visits.

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