Sacombank Securities (SBS), listed on the HCM Stock Exchange, has signed a memorandum of understanding (MoU) with the Lao Development Bank to set up a joint venture securities company in Laos.
The joint venture, called Lanexang Securities Public Company Ltd (or SBS-Lao), will open in time to function in Laos 's first stock market scheduled to open later this year.
The new company will provide a new investment channel for investors of both countries, officials said.
SBS's parent company, Sacombank, opened a branch in Laos in late 2008./.
The joint venture, called Lanexang Securities Public Company Ltd (or SBS-Lao), will open in time to function in Laos 's first stock market scheduled to open later this year.
The new company will provide a new investment channel for investors of both countries, officials said.
SBS's parent company, Sacombank, opened a branch in Laos in late 2008./.
