Ashton Cole Global of Hong Kong announces joint venture plans in Singapore
Ashton Cole Global today announced that it has received approval to establish a joint venture in Singapore.
- (1888PressRelease) February 09, 2017 - Ashton Cole Global, through the new entity, will be able to offer a wide range of investment services to domestic mainland Singaporean clients. The new joint venture will be in partnership with a recently established domestic securities firm.
Ashton Cole Global will have a securities license allowing it to conduct, among other things, brokering and trading in 'A' shares and 'A' share convertible bonds.
Ashton Cole Global are expected to underwrite locally listed 'A' share transactions and RMB-denominated corporate bonds and convertible bonds, as well as offer domestic financial advisory and other services.
Ashton Cole Global's Chief Financial Officer commented on the announcement, saying "Singapore has, for many years, been of great strategic importance to our firm. With this ground breaking joint venture, we are entering into an exciting new chapter for Ashton Cole Global in Singapore. Together with our partners, we are looking forward to building the leading offshore investment firm in the Asia Pacific Region."
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