Cambodian, Thai firms form business alliance
SBI Royal Securities, a subsidiary of Japanese-based SBI Holdings, has concluded a basic agreement to form a business and capital alliance with one of Thailand’s leading securities firms, in a move that could attract more investment from Cambodia’s northern neighbour.
The agreement with Thailand’s Finansia Syrus Securities will help underwriter SBI Royal to acquire “investment banking business know-how and expertise” from a company that boasts a “top record in IPO underwriting,” according to a statement yesterday. “Meanwhile, Finansia Syrus Securities is planning to expand business in Cambodia in order to tap into the country’s rapid economic growth, relative to other Asian countries, as well as the expected increase in IPO transactions.” ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodian-thai-firms-form-business-alliance
