OSK Holdings Bhd aims to balance the contribution from its overseas and domestic businesses, within the next three to five years, driven by its newly-formed overseas strategic alliances.
OSK Investment Bank chief executive officer U Chen Hock said currently, the overseas business contributed about 25 per cent to the Group's overall income.
"Three strategic alliances were formed in the course of the year with brokers in other countries, namely, Vietnam-based Sacombank-SBS, Japan-based Okasan Securities Company Ltd and US-based Auerbach Grayson and Company Ltd," he told a press conference after the Group's annual general meeting here today.
OSK Holdings' investment banking arm across the region completed a total of 23 mergers and acquisition deals last year, worth US$4.7 billion.
On the Group's 2011 operating performance, he said it has gained market share in Indonesia, Thailand and Singapore.
For the current year, the Group's main focus will be to continue to build on its regional network, with the completed acquisitions of OSK Thailand and Malaysian Trustees Bhd, to maximise the synergies.
On its proposed merger with RHB Capital Bhd, OSK Holdings director Ong Leong Huat said they are waiting for the regulators' feedback.
He also said that the objective of the merger is to add value for shareholders and stakeholders, as well as be more competitive in the global market.--BERNAMA
Read more: OSK seeks to balance revenue contribution
