PUBLISHED : 12 Feb 2024 at 08:26
CGS-CIMB Securities (Thailand) has changed its name to CGS International Securities (Thailand) (CGSI) after China Galaxy Securities acquired a 100% stake in the company in December 2023 in a move to strengthen its regional presence.
China Galaxy Securities is the second-largest securities company in China and is wholly-owned by the Chinese government. It has more than 500 branches across the country.
Patcharanon Cheevakrianggrai, chief executive of CGSI, said the name change is because the company’s parent company is now the full owner. CGSI is the only Thai brokerage wholly-owned by the Chinese government.
Malaysia-based CIMB Group sold 50% of its shareholding in CGS-CIMB Securities to China Galaxy…
