Transasia Securities: Profile and interest

Transasia Securities: Profile and interest

PT Transasia Securities’ acquisition by OCBC Bank is interisting. Not only does it show us more about the invasion of regional financial institution into Indonesian soil, but also the relation to other entities.

Based on Transasia Securities official website, the company is a member of Indonesia Stock Exchange incorporated on July 7th 1990, originally named PT Transpacific Securindo.

OCBC Bank acquire Transasia Securities

BI/market
12/4/2012
Irvin Avriano A.
Bisnis Indonesia

OCBC Bank acquire Transasia Securities

JAKARTA: Oversea-Chinese Banking Corporation Ltd (OCBC Bank) will acquire 80% stake on an Indonesia brokerage house PT Transasia Securities worth IDR92 billion or equal to S$12.5 million.

The matter was announced in the OCBC Bank's information disclosure to Singapore Exchange (SGX) yesterday, April 13th, 2012. OCBC Bank is a Singapore local-based bank and holding company to PT Bank OCBC NISP Tbk.