OSK Indochina Bank acquired by RHB Capital
One of Malaysia’s biggest investment banks, RHB Capital, announced it will acquire OSK Indochina Bank, via the transfer of 100 per cent of OSK Investment Bank shares from parent OSK Holdings, giving OSK Holdings a 10 per cent stake in the larger Malaysian RHB Capital Group. OSK Investment Bank has 94 offices throughout the ASEAN countries, Hong Kong and China with more than 500,000 customers, 3,600 employees and is well known in Cambodia along with its SECC-licenced stock brokerage firm, OSK Indochina Securities Limited. … The agreement, signed on May 28, makes RHB Investment Bank Malaysia’s largest investment bank by assets and gives OSK Investment Bank access to a larger capital base …
