KGI Ong Capital plans Singapore expansion

KGI Ong Capital, a unit of Taiwan's second largest securities company KGI Securities, is bringing a Taiwanese presence to Singapore's securities scene.

A 2013 deal by KGI Securities to buy Ong First Tradition, a leading derivative player in Singapore, for $50 million was closed last month.

The acquisition was part of KGI Securities' drive to expand in South-east Asia.