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UOB Kay Hian Securities completes acquisition of AEC Securities assets

UOB Kay Hian Securities (Thailand) PCL completed the acquisition of part of the retail securities and derivatives business of AEC Securities PCL.

AEC Securities had agreed in November to dispose assets in its securities and derivative brokerage business for a total transaction value of up to 244.1 million baht. The deal was completed Dec. 11, according to a Dec. 12 release.

As a result of the transaction, UOB Kay Hian will have six additional branches.

As of Dec. 12, US$1 was equivalent to 32.76 Thai baht.