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KGI Ong Capital plans Singapore expansion

Drive by Taiwan's KGI Securities to boost S-EA presence

Published Mon, May 5, 2014 · 10:00 PM
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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.

KGI Ong Capital will initially continue with the derivatives business. It is now getting regulatory approval for the cash securities or equities busin…

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