“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, November 15, 2007

Hortus Danavest signs tie-up deal with Malaysian investment bank

The Jakarta Post, Jakarta

Publicly listed securities firm PT Hortus Danavest has formed a strategic alliance with Malaysian bank Kenanga Investment Bank to offer crossborder equity trading and corporate financing facilities.

Hortus president director Antony Kristanto said Wednesday that the partnership would promote crossborder equity trading between Indonesia and neighboring Malaysia.

Indonesian investors would, for example, be able to buy stocks traded in the Malaysian stock market through Hortus, while Malaysian investors would be able to engage in equity trading in Indonensia through Kenanga, Antony said.

With the agreement, the two securities companies could also arrange the cross-listing of Indonesian firms on the Malaysian stock exchange and Malaysian companies on the Indonesian bourse, he added.

"Equity brokerage, stock cross-listing and initial public offerings are the main focuses of the agreement," Antony said. "Investment banking, which Hortus has yet to develop, is the second area for cooperation."

According to Kenanga Investment chief executive officer and director Tunku Afwida Malek, Kenanga Investment's venture into the Indonesian market was part of its global expansion plan.

"Essentially, this partnership allows us to leverage on each other's strengths. Kenanga cannot survive as a local investment bank, so we have to branch out outside of Malaysia, especially in distributing our products and meeting global market demands," Afwida explained.

She added that Indonesia had significant market potential that was largely untapped, particularly for Islamic financial products like Islamic bonds, or sukuk.

Hortus Danavest, established in 1989, went public in 2004 and is now one of Indonesia's ten largest stockbrokers with a market share of around 5 percent.

Kenanga Investment, a subsidiary of K&N Kenanga Holdings, is Malaysia's third largest securities house with 25,000 clients. The company provides a range of services, including stock and derivatives trading, treasury, corporate finance, investment banking and Islamic securities services.(amr)

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