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December 15, 2020
OKASAN SECURITIES GROUP INC.
Collaboration Agreement signed by Okasan Securities Co., Ltd. and CGS-CIMB Securities International Pte. Ltd. (Singapore)
As detailed in the attached document, Okasan Securities Co., Ltd., a subsidiary of Okasan Securities Group Inc., has concluded a Collaboration Agreement with CGS-CIMB Securities International Pte. Ltd. (Singapore)Collaboration Agreement signed by Okasan Securities Co., Ltd. and CGS-CIMB Securities International Pte. Ltd. (Singapore)
December 15, 2020
Okasan Securities Co., Ltd.
As detailed below, Okasan Securities Co., Ltd. (Head Office: Chuo-ku, Tokyo; President: Makoto Egoshi) today concluded Collaboration Agreement with CGS-CIMB Securities International Pte Ltd., a Singaporean securities firm ("CGS-CIMB Securities" herein):
1. Reason for the collaboration
Since 2006, we have pursued alliances with leading securities firms in Asia and strengthened our stock order issuance systems and information gathering structures in Asian markets.
Against this backdrop, the business collaboration with CGS-CIMB Securities will allow us to further augment our stock order execution system and investment information-gathering structures in the ASEAN market. CGS-CIMB Securities has earned high marks from investors in the ASEAN zone for its research and order execution capabilities. Through this business collaboration, we will expand and improve service quality in the Asian market, particularly for institutional investors.
2. Profile of CGS-CIMB Securities
| （1）Name | CGS-CIMB Securities International Pte. Ltd. |
|---|---|
| （2）Established | January 2018 (G.K. Goh, predecessor to CIMB Securities International, was founded in 1979.) |
| （3）Address | #16-02 Singapore Land Tower, 50 Raffles Place, 048623 Singapore |
| （4）Representative | Ms. Carol Fong (Group Chief Executive Officer) |
| （5）Shareholders | China Galaxy International Financial Holdings: 50% CIMB Group Sdn Bhd: 50% |
| （6）Global Presence | Singapore, Malaysia, Indonesia, Thailand, India, Hong Kong, UK, US |
3. Overview of business partnership
- Provision of research services in the markets concerned
Information provision, participation in telephone and physical conferences, corporate IR, etc. - Brokerage services for orders placed in local securities markets
4. Effective date
January 1, 2021
Reference: Profiles of the two parent companies (China Galaxy International and CIMB Group)
China Galaxy International Financial Holdings Limited
- Location: Hong Kong
- Established: February 9, 2011
- Representative: Mr. Derrek Lau (CEO)
- Capital: HKD 600 million (approx. 8.34 billion yen; HKD 1 = approx. 13.90 yen)
Wholly-owned subsidiary of our business partner China Galaxy Securities,* which handles overseas securities business- China Galaxy Securities: China's largest securities firm, with 36 branches, 493 business offices, and more than 10 million customers in China; listed on the Stock Exchange of Hong Kong (H-shares) in 2013 and Shanghai Stock Exchange (A-shares) in 2017
CIMB Group (CIMB Group Sdn. Bhd.)
- Location: Kuala Lumpur
- Established: 1974: Formerly known as PBSM; renamed CIMB in 1986
- Representatives: Datuk Mohd Nasir Ahmad (Chairman), Dato' Abdul Rahman Ahmad (Group CEO)
- Capital: MYR 25.8 billion (approx. 645.0 billion yen; MYR 1 = approx. 25 yen)
Malaysia's second largest and ASEAN zone's fifth largest comprehensive financial services group; listed on Bursa Malaysia in 1987; operates offices in each of the ten ASEAN member countries (including Malaysia, Indonesia, Singapore, and Thailand), as well as in China, Hong Kong, India, South Korea, the US, and the UK; more than 15 million customers in total; Group employees number approximately 35,000.