Source: Jiji, Date: 5 Nov 90, Story Type: News, Original Language:
English, Dateline: Tokyo, Byline: None, Text: Full, Brief Remark:
Another new Salim Group link with Japanese business world.
NIKKO SECURITIES SETS UP INDONESIAN UNIT
Nikko Securities Co. Monday announced it has obtained a
securities business license from Indonesia's Finance Ministry to
set up an Indonesian subsidiary.
The Indonesian unit, PT Nikko Securities Indonesia, will launch
operations on Nov. 14, Nikko officials said.
It is capitalized at 15 billion rupiahs, and owned 65 pct by
Nikko Securities and the remaining 35 pct by the Liem Sioe Liong
group and other Indonesian concerns, the officials said.
P.T. Nikko Securities Indonesia will engage in securities
trading, underwriting, subscription acceptance and other
securities-linked businesses, they said.
Nikko Securities is the fourth Japanese securities firm to have
a subsidiary in Indonesia.