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<a href="http://www.accessmylibrary.com/article-1G1-122428608/siam-city-bank-plans.html" title="Facts and information about Siam City Bank Plans to Buy Kim Securities Firm's Licence.">Siam City Bank Plans to Buy Kim Securities Firm's Licence.</a>
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Siam City Bank Plans to Buy Kim Securities Firm's Licence.
Jan. 9--Siam City Bank plans to buy a securities licence from Kim Eng Securities for 275 million baht.
The bank would establish a new company called Max Securities to offer brokerage services, using the licence previously held by Yuanta Securities, Amporn Ruangprasertkun, Siam City Bank's senior vice-president, said yesterday.
The move gives the state-owned bank a vital subsidiary able to offer securities underwriting, brokerage, dealing and advisory services.
The bank had previously lost its securities subsidiary after its takeover in 1997 during the economic crisis.
Kim Eng Securities, the leading broker in market share, took over ...
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Source: HighBeam Research, Siam City Bank Plans to Buy Kim Securities Firm's Licence.