Daiwa Securities to form M&A joint venture with Thailand's 9 Basil

Economy

Japanese brokerage Daiwa Securities Group Inc. will form a joint venture with investment manager 9 Basil Co. to promote mergers and acquisitions in Thailand. Daiwa Securities said Wednesday its wholly owned subsidiary, Daiwa Capital Markets Singapore Ltd., and Bangkok-based 9 Basil have signed an agreement to start M&A advisory services through the new venture, DC Advisory (Thailand) Co., due to be founded on Monday. Daiwa Capital Markets Singapore and 9 Basil will have a 49 percent stake each in the new firm with the rest to be held by individual shareholders. Daiwa Securities engages in the ...

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