Shareholders of Kim Eng Vietnam Securities Joint Stock Company (KEVS) approved the change of its corporate name to Maybank Kim Eng Securities Joint Stock Company during its general meeting last Friday.
The new name reflects Maybank’s acquisition of Singapore’s Kim Eng Holdings Ltd after Nomura Singapore Limited, a subsidiary of Maybank, had bought a 44.6 percent stake in the financial service firm on January 6.
The board of directors has been reshuffled, with Shahrul Nazri Bin Abdul Rahim replacing Lam Hoang Loc as chair of the enterprise. Meanwhile, Tan Pei San and Soon Su Long have replaced Ronald Anthony Ooi Thean Yat and Nguyen Thi Thanh Hien in the board.
The enterprise at last year’s general meeting also agreed to double its chartered capital to VND600 billion to supplement capital for operations in the near future.
In related news, KEVS on Monday was awarded with the Best Retail Broker title by Alpha Southeast Asia magazine.
The enterprise was selected following a survey among 450 investors, allowance funds, investment fund managers, analysts and brokers. Each enterprise was evaluated following criteria of management seniority, relation with investors, management methods and commitments for product and service quality.