KUALA LUMPUR: BIMB Securities Sdn Bhd, a wholly owned unit of BIMB Holdings Bhd
, has signed a memorandum of understanding (MoU) with Indonesia’s PT MNC Sekuritas to develop business cooperation relations.
In a statement on Wednesday, BIMB Securities said the MoU also aimed to bring into play the strength of each party in providing quality products and services to the customers as well as enhancing the position of each party in the market and expanding their customer network.
“Both parties also agreed to share mutually-beneficial investment opportunities and partnership where both parties are interested to expand the cooperation,” it said.
PT MNC Sekuritas president director, Susy Meilina, and BIMB Securities Sdn Bhd chief executive officer and executive director, Rashid Ismail, signed the MoU.
BIMB Securities’ relationship with PT MNC started in October 2016 at the Asean Brokers Networking which was held in Hanoi, Vietnam.
MNC Sekuritas, a securities company, is a member of Indonesia Stock Exchange.
It has taken over the business licences as broker-dealer, underwriter and investment manager from PT MNC Kapital Indonesia Tbk, which formally has the majority stocks of the company. - Bernama