General Announcement::ESTABLISHMENT OF A NEW OCBC GROUP COMPANY - HORIZON ASSET MANAGEMENT SDN BHD

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
28-Apr-2014 17:37:28
Status
New
Announcement Sub Title
ESTABLISHMENT OF A NEW OCBC GROUP COMPANY - HORIZON ASSET MANAGEMENT SDN BHD
Announcement Reference
SG140428OTHRKZ24
Submitted By (Co./ Ind. Name)
Peter Yeoh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Oversea-Chinese Banking Corporation Limited is pleased to announce that its wholly-owned subsidiary, KIM Limited ("KIM") has established an asset management company, Horizon Asset Management Sdn Bhd (the "Company") whose purpose is to trade in properties in Malaysia. KIM holds a 49% shareholding interest in the Company whilst the remaining 51% is held by Sharosu Assets Sdn Bhd, a company incorporated in Malaysia.