Hanwha Investment & Securities announced that it had signed an agreement to acquire shares in the securities division of GI Capital Management and enter the Japanese market. A signing ceremony was held in Tokyo, with the company seeking to expand its Asian financial network by securing a local base.
Hanwha Investment & Securities announced on the 12th that it had signed a share purchase agreement to acquire shares in the securities division of GI Capital Management. Following the board's approval of the acquisition last month, a signing ceremony was held in Tokyo. The move will secure a local base in the Japanese market.
Through the acquisition, Hanwha Investment & Securities will establish a local business platform in Japan's capital markets. Against a backdrop of Japan's policies to enhance corporate value and growing interest in revitalizing the stock market, the company plans to expand its business scope by combining Japan with its existing operations in Southeast Asia.
GI Capital Management is headquartered in Tokyo and holds licenses in Japan for securities brokerage and distribution, investment advisory services and investment management. It also connects global asset managers with Asian institutional investors, primarily in alternative investments.
Hanwha Investment & Securities plans to use local professionals and institutional investor networks to strengthen the competitiveness of its traditional financial business while exploring new business expansion in the digital sector.
The company has previously operated securities and asset management businesses through Pinetree Securities in Vietnam and Singapore and Ciptadana Securities in Indonesia. Its entry into Japan will further expand its network of Asian bases.