[%FkLb%]
Research by TA
Buy – TP of RM1.19

“Signs MOU with Yuanta Securities (HK)”

Apex Securities Berhad (ASB) and Yuanta Securities (Hong Kong) Ltd. (Yuanta HK) have officially entered into a 3-year Memorandum of Understanding (MOU) as of March 8, 2024. ASB, a wholly owned subsidiary of Apex Equity Holdings Berhad (AEHB), is set to collaborate with Yuanta HK, a wholly owned subsidiary of Taiwan's Yuanta Financial Holdings Co. Ltd. The MOU, aimed at fostering cooperation between the two entities, may be extended beyond the initial period subject to mutual agreement, while termination can occur with a one-month written notice or immediate effect in cases of non-compliance or breaches. The MOU does not require approval from ASB's shareholders or relevant regulatory authorities. 

Analyst(s):
Li Hsia Wong 
[%Yxxe%]

$KLSE-APEX
Research by TA
Buy – TP of RM1.19

“Signs MOU with Yuanta Securities (HK)”

Apex Securities Berhad (ASB) and Yuanta Securities (Hong Kong) Ltd. (Yuanta HK) have officially entered into a 3-year Memorandum of Understanding (MOU) as of March 8, 2024. ASB, a wholly owned subsidiary of Apex Equity Holdings Berhad (AEHB), is set to collaborate with Yuanta HK, a wholly owned subsidiary of Taiwan's Yuanta Financial Holdings Co. Ltd. The MOU, aimed at fostering cooperation between the two entities, may be extended beyond the initial period subject to mutual agreement, while termination can occur with a one-month written notice or immediate effect in cases of non-compliance or breaches. The MOU does not require approval from ASB's shareholders or relevant regulatory authorities. 

Analyst(s):
Li Hsia Wong 
liwong@ta.com.my

$APEX / 5088 (APEX EQUITY HOLDINGS BERHAD)