Edmund Wee

Company's

Background.

The birth of OSK began in year 1963 in the form of a small stockbroking firm in Malaysia. The gradual and steady development of the company have enable them to be listed on the Main Board of the Kuala Lumpur Stock Exchange in year 1991. Building on this, the company finally achieved universal broker status in year 2002 and consequently obtain an investment banking license in year 2007.

 

Over the years, the company had transformed from a domestic retail broker into one of ASEAN’s largest regional investment banks consisting over 3,700 professionals in 94 offices across 6 countries in the ASEAN and Hong Kong region.

 

The OSK brand grew to rank among Malaysia's Top 50 Brands in 2008 and 2010, evaluated by Brand Finance, a London-based brand and intangible asset valuation firm. OSK differentiated itself in the competitive investment banking market by building a niche in small and mid-cap investment banking. OSK has also won numerous awards for its expertise, including the #1 Small and Mid Cap Research House in Malaysia and Singapore by Asiamoney, Best Mid-Cap Corporate Finance House by Alpha Southeast Asia, one of the top advisors in Southeast Asia for Mergers and Acquisitions by Mergermarket, as well as numerous other awards by Bloomberg, Starmine, the Wall Street Journal, the Edge-Lipper and Morningstar.

Having evolved from a broker into one of the leading investment bankers in the region, the Group then set its sights on a more promising future with RHB Investment Bank. 

On 28 May 2012, OSK Holdings Berhad (OSK Holdings) announced the merger of OSK Investment Bank (OSKIB) with RHB Capital Berhad (RHBC).

On 9 November 2012, OSK Holdings completed the disposal of its 100% equity interest in OSKIB; 100% equity interest in OSK Investment Bank (Labuan) Limited; 20% equity interest in OSK Trustees Berhad; and 20% equity interest in Malaysian Trustees Berhad to RHB Capital Berhad (RHBC) for a total disposal consideration of RM2,094.5 million satisfied via the issuance of 245.0 million new RHBC shares and cash of RM222.7 million, including RM14.2 million arising from the final dividend price adjustment. OSK now holds 9.88% equity interest in RHBC.

 

Timeline in brief:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The post-merger of OSK Investment Bank with RHB Capital Berhad had been renamed to RHB Investment bank and OSK Holdings now holds a 9.94% stake in RHB Capital.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From the chart above, it can be seen that OSK Holdings Berhad now owns a host of subsidiary companies as a strategy of diversifying their expertise in the financial sector in various fields. OSK Realty Sdn. Bhd. and Ke-Zan Holdings Berhad mark their existence as a specialist in funding properties investment while OSK REIT Management provides real estate investment trust services. On the other hand, the core business of OSK Holdings Bhd. remained in the form of OSK Capital Sdn Bhd. which provides equity/share financing and other investment related financing to both retail and corporate clients. Last but not least, OSK Ventures Sdn. Bhd. is the ventures capitalist arm which provides finances to potential emerging companies.

 

In addition, OSK Holdings Bhd. are also affiliated to PJ Development (PJD) Group as the owner and Chief Executive Officer / Managing Director of OSK Holdings Bhd., Tan Sri Ong Leong Huat @ Wong Joo Hwa also owned PJD Group to further increase his involvement in the property development sector. Achieving a revenue of RM1.17 billion in the financial year 2014, PJD Group consist of 6 businesses in various fields that includes, property development, construction, power cables, building materials, hotels/resorts and timeshare.