Background of OSK Holdings
Background of Company
Background of OSK Holdings Berhad (5053.KL)
OSK began its operations in 1963 as a small stockbroking company. Now OSK is one of the leaders in the finance industry. In 1991, OSK was listed on the Main Board of the Kuala Lumpur Stock Exchange. It then obtained universal broker status in 2002 and subsequently an investment banking license in 2007. Over the years, OSK transformed from a domestic retail broker into one of ASEAN's largest regional investment banks with over 3,700 professionals in 94 offices across 6 countries (OSK Holding Bhd, 2014).
The OSK brand grew to rank among Malaysia's Top 50 Brands in 2008 and 2010, it has been evaluated by Brand Finance, a London-based brand and intangible asset valuation firm. OSK differentiated itself in the competitive investment banking market by building a niche in small and mid-cap investment banking.
On 28 May 2012, OSK Holdings Berhad announced the merger of OSK Investment Bank (OSKIB) with RHB Capital Berhad (RHBC). On 9 November 2012, OSK Holdings has completed the disposal of its 100% equity interest in OSKIB; 100% equity interest in OSK Investment Bank (Labuan) Limited; 20% equity interest in OSK Trustees Berhad; and 20% equity interest in Malaysian Trustees Berhad to RHB Capital Berhad (RHBC) for a total disposal consideration of RM2,094.5 million satisfied via the issuance of 245.0 million new RHBC shares and cash of RM222.7 million. The disposal is to satisfy the acquisition. OSK now holds 9.88% equity interest in RHBC (OSK Holding Bhd, 2014).
The Boards of Directors of OSK Holdings Berhad include:
1 Dato’ Nik Mohamed Din bin Datuk Nik Yusoff (Non-Independent Non-Executive Chairman)
2 Tan Sri Ong Leong Huat @ Wong Joo Hwa (Chief Executive Officer or Group Managing Director)
3 MR FOO SAN KAN (Senior Independent Non-Executive Director)
4 DATO' ABDUL MAJIT BIN AHMAD KHAN (Independent Non-Executive)
5 DR. NGO GET PING (Independent Non-Executive Director)
(OSK Holding Bhd, 2014)
Background
Background of OSK Holdings Berhad (5053.KL)
OSK began its operations in 1963 as a small stockbroking company. Now OSK is one of the leaders in the finance industry. In 1991, OSK was listed on the Main Board of the Kuala Lumpur Stock Exchange. It then obtained universal broker status in 2002 and subsequently an investment banking license in 2007. Over the years, OSK transformed from a domestic retail broker into one of ASEAN's largest regional investment banks with over 3,700 professionals in 94 offices across 6 countries (OSK Holding Bhd, 2014).
The OSK brand grew to rank among Malaysia's Top 50 Brands in 2008 and 2010, it has been evaluated by Brand Finance, a London-based brand and intangible asset valuation firm. OSK differentiated itself in the competitive investment banking market by building a niche in small and mid-cap investment banking.
On 28 May 2012, OSK Holdings Berhad announced the merger of OSK Investment Bank (OSKIB) with RHB Capital Berhad (RHBC). On 9 November 2012, OSK Holdings has completed the disposal of its 100% equity interest in OSKIB; 100% equity interest in OSK Investment Bank (Labuan) Limited; 20% equity interest in OSK Trustees Berhad; and 20% equity interest in Malaysian Trustees Berhad to RHB Capital Berhad (RHBC) for a total disposal consideration of RM2,094.5 million satisfied via the issuance of 245.0 million new RHBC shares and cash of RM222.7 million. The disposal is to satisfy the acquisition. OSK now holds 9.88% equity interest in RHBC (OSK Holding Bhd, 2014).
The Boards of Directors of OSK Holdings Berhad include:
1 Dato’ Nik Mohamed Din bin Datuk Nik Yusoff (Non-Independent Non-Executive Chairman)
2 Tan Sri Ong Leong Huat @ Wong Joo Hwa (Chief Executive Officer or Group Managing Director)
3 MR FOO SAN KAN (Senior Independent Non-Executive Director)
4 DATO' ABDUL MAJIT BIN AHMAD KHAN (Independent Non-Executive)
5 DR. NGO GET PING (Independent Non-Executive Director)
(OSK Holding Bhd, 2014)
Background