Mitsubishi UFJ has acquired 99.1% of the issued shares of Capital Nomura Securities (CNC), a medium-sized Thai securities company, and plans to acquire all the shares by the end of this year.
The purchase price is 5.5 billion baht (about 21.2 billion yen). In Southeast Asia, where economic growth is expected, we will collaborate with banks and securities to expand our business.
CNS is a securities company in Thailand that provides financial services such as securities brokerage services and asset management advisory services for individuals and corporations. As of the end of 2021, the total revenue was 1.9 billion Thai baht (about 7.3 billion yen).
Nomura HD is pursuing a strategy to focus on wholesale and high net worth business outside of Japan.
Damon an avid economist Charles is an expert on global politics and economic pressures that can affect market conditions. He has a Masters Degree in Economics from Westminster University with previous roles including Investment Banking. Mark has over 10 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of his time analyzing earnings reports and watching commodities and derivatives. Damon reports timely updates about Technology sector.