June 8, 2011

OSK looks to tap Cambodian securities market

[The Malaysian Insider]

The launch of OSK Indochina Securities Limited in Phnom Penh.
KUALA LUMPUR, June 7 — OSK Investment Bank is hoping to tap opportunities in the Cambodian securities market with the official launch of its local securities unit OSK Indochina Securities in Phnom Penh today.

OSK Indochina Bank and OSK Indochina Securities chairman Datuk Nik Mohamed Din said in a media statement that OSK hopes that it will be able to support and participate in the Cambodian government’s initiatives to develop its capital market, and also enhance OSK Indochina Bank’s role in the financial services industry in Cambodia.

OSK Indochina Securities, which received its securities licence from the Securities and Exchange Commission of Cambodia (SECC) in October last year, is a wholly-owned subsidiary of OSK Indochina Bank which in turn is a 100 per cent subsidiary of Kuala Lumpur-based OSK Investment Bank.

OSK Indochina Bank was established in October 2008 and currently has nine branches in Cambodia.
Other than Cambodia, OSK Investment Bank also maintains a presence in Singapore, Indonesia and Hong Kong and expects to enter the Thai market upon completion of the acquisition of a 48.87 per cent stake in BFIT Securities Public Co.

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