CIMB Bhd recently launched CIMB-GK Securities (Hong Kong) Ltd following the approval from the Securities and Futures Commission and Stock Exchange of Hong Kong.
In a statement in Kuala Lumpur yesterday, CIMB said it had acquired G.K. Goh Holdings Ltd's entire stockbroking operations on June 28, 2005, to become CIMB-GK Pte Ltd.
It said it received the approval on Sept 8 for the acquisition of the entire equity stake of G.K. Goh Securities (HK) Ltd.
CIMB-GK Pte Ltd, a wholly-owned subsidiary of CIMB, and the holding company for all CIMB Group's non-Malaysian investment banking businesses, offers institutional equities, retail broking, investment research and corporate finance.
It said together with CIMB-GK it offered a variety of distribution channels with over 200 remisiers and private client dealers in Malaysia, Singapore and Jakarta; institutional sales network in Malaysia, Singapore, Jakarta and London; financial planners and research professionals covering Malaysia, Singapore, Indonesia, Thailand and Hong Kong.
It also offers online trading capability through its proprietary Internet trading platforms, I*Trade@CIMB and GOHDIRECT, which enable investors to trade in equities listed on exchanges such as Singapore, Hong Kong, Thailand, Indonesia, the US and Australia. – Bernama