Hanwha Investment & Securities moves to open a corporation in Singapore
Hanwha Investment & Securities moves to open a corporation in Singapore
  • Jung Jun-ho
  • 승인 2019.10.30 14:51
  • 댓글 0
이 기사를 공유합니다

Hanwha Investment & Securities will open a local subsidiary in Singapore and make alternative investments, including real estate in Singapore.

An official at Hanwha Securities said, "We are preparing to open a Singaporean corporation with the aim of making full-fledged investments in January next year," the MK reported on Oct. 28.

Just as Hanwha Asset Management, a subsidiary of Hanwha Group, already operates the Singaporean entity as an organization dedicated to alternative investment in Asia and Australia, the Hanwha Securities' corporation in Singapore will focus on alternative investment in the Southeast Asian market.

"Singapore is a market where we cannot expect a sharp rise in prices or return on investment, as the government manages the real estate market, but we have decided to look for investment opportunities there, especially since Singapore's value is expected to rise further after the Hong Kong crisis," a Hanwha Securities official said.

Hanwha Securities aims to secure such opportunities there as it has strengths in alternative investments such as social overhead capital (SOC) development and real estate project financing.

In particular, Hanwha Securities is also expecting a synergy effect at the group level as the Singaporean government is set to increase investment in  floating photovoltaic water system. Hanwha Securities' IB headquarters has personnel specialized in developing renewable energy and SOC development.

Hanwha Securities also invested 5 billion won in CapBridge Holdings PTE, LTD. last month to take over the stake. The group is a Singapore-based investment platform company that owns CapBridge and 1Exchange as its subsidiaries.

CapBridge is a platform company that raises new funds, while 1Exchange is the only private stock exchange that has obtained a license from Singapore's financial authorities.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • URL: www.koreaittimes.com / m.koreaittimes.com. Editorial Div. 02-578-0434 / 010-2442-9446. Email: info@koreaittimes.com.
  • Publisher: Monica Younsoo Chung. CEO: Lee Kap-soo. Editor: Jung Yeon-jin. Juvenile Protection Manager: Yeon Choul-woong.
  • IT Times Canada: Willow St. Vancouver BC, Canada / 070-7008-0005.
  • Copyright(C) Korea IT Times, Allrights reserved.
ND소프트