Diversified Investment Services

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Kuwait Investment Co SAK liquidates subsidiary

Wednesday, 7 May 2014 01:42am EDT

Kuwait Investment Co SAK:Announces that it has liquidated in March its wholly-owned subsidiary, K.A.C. Funds Manager Company, registered in Guernsey.

ACAP Advisory PCL announces disposition of subsidiary

Thursday, 19 Dec 2013 01:39am EST

ACAP Advisory PCL:Announces to dispose its 99.99 pct owned subsidiary named ACAP (Malaysia) Sdn Bhd, located in Malaysia.Says the registered capital of ACAP (Malaysia) is 500,000 ringgit or about 5.29 million baht.Says ACAP (Malaysia) to transfer 1,000,000 shares or 40 pct of ACAP (Asia) Asset Management Co Ltd (ACAP (Asia)) at par value of 10 baht per share to Capital OK Co Ltd, a 99.99 pct owned unit of the company.

The Securities House KSCC restructures its debts through cash and share swaps

Saturday, 14 Dec 2013 07:00pm EST

The Securities House KSCC:Says it has signed a settlement agreement with a local bank worth 3,250,202 kuwaiti dinars.Says under the agreement, the company will repay in cash around 2.53 million kuwaiti dinars during the fiscal year ending Dec. 31 through transferring to the bank 55 million shares from the company’s 40.5% equity in Gatehouse Bank PLC at 2.98 pence each, or 0.35% of the lender’s capital.

SBI Holdings Inc Announces Changes in Subsidiary

Tuesday, 25 Dec 2012 02:45am EST

SBI Holdings Inc announced that its subsidiary SBI Biotech Co., Ltd., which engages in the research and development of medicals, has fully acquired the Company's United States-based subsidiary Quark Pharmaceuticals, Inc., which engages in the research and development of siRNA medicals. Now Quark Pharmaceuticals is a subsidiary of SBI Biotech.

Credit Suisse Group AG Dismantles Asset Management-Reuters

Tuesday, 20 Nov 2012 01:40am EST

Reuters reported that Credit Suisse Group AG said it will dismantle its asset management unit into its private bank and promote fixed-income executive Gael de Boissard to co-run its investment bank. De Boissard will join the Zurich-based bank's top management and jointly head the investment bank with current head Eric Varvel, who will run equities and the investment banking department, which includes corporate finance.

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