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Overview

In July 2009, Finansa effectively merged its securities broking services with Syrus Securities Plc. and ACL Securities Co., Ltd., forming a new listed entity, Finansia Syrus Securities Plc., to conduct all the merged groups securities business.

Finansa has invested in Finansia Syrus Plc. totally 19.6% and sold its assets related to securities and futures brokerage businesses to Finansia Syrus Plc.

The merger of securities and future brokerage businesses will enhance the effectiveness and competitive advantage of the group in the face of strong competition in securities trading, which is expected to become more intense in the soon-to-be liberalized securities business market.

Finansa will no longer conduct securities broking services though its subsidiary, Finansa Securities Ltd, which will focus on Investment Banking activity.