Following on from yesterdays note, Indonesia Bank has announced it is acquiring a 99% stake in Shinhan's Makinta Securities, after receiving regulatory approval. With its speciality in investment banking, Makinta has an underwriting license that enables it to perform the issuance of new shares, IPOs, and capital increase; Makinta has a paid-in capital of $14.2m. This is in line with Indonesia's ongoing expansion plans.
Following on from yesterdays note, Shinhan Bank has announced it is acquiring a 99% stake in Indonesia's Makinta Securities, after receiving regulatory approval. With its speciality in investment banking, Makinta has an underwriting license that enables it to perform the issuance of new shares, IPOs, and capital increase; Makinta has a paid-in capital of $14.2m. This is in line with Shinhan's ongoing expansion plans.