ING Barings props up ties

Article Abstract:

ING Barings has signed a deal to acquire 70% of Thailand-based brokerage firm AFCO Securities, but said that the deal would not undercut Dhana Siam Finance & Securities PCL, ING Barings longstanding partner. ING bought a 45% direct stakes in AFCO plus an additional 25% through an affiliated company. AFCO Securities will change its name to ING Baring Securities (Thailand) Ltd. ING expects to transact in the Stock Exchange of Thailand indirectly through Dhana Siam because AFCO is a subbroker that has no seat in the stock exchange and must therefor course its orders via another broker. The value of the deal was not released.

Comment:

Signs a deal to acquire 70% of Thailand-based brokerage firm AFCO Securities

Asset sales & divestitures, Acquisitions & mergers, Thailand, Securities Brokerage, Stockbrokers, AFCO Securities Corp., Article, ING Barings

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Thrunet casts big shadow; Nasdaq success stirs hope for tech listings

Article Abstract:

This article describes the successful Nasdaq listing of South Korean Internet company, Thrunet. Many other high-tech companies in Korea are considering or actively preparing for a Nasdaq listing.

United States, South Korea, Securities and Commodity Exchanges, Securities Exchanges, Financial analysis, Statistical Data Included, Finance, Internet service providers, Brief Article, Exchanges, Securities industry, Nasdaq Stock Market Inc., Thrunet Company Ltd.

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