CLSA and Thai broker Asia Plus ink agreement

CLSA Asia-Pacific has signed a deal to cooperate with Thai broker Asia Plus Securities on equity capital market and advisory transactions in Thailand.

The agreement covers CLSA’s investment banking services in Thailand only, which include primary and secondary equity offerings and MA advisory. It excludes research, which will not be affected by the arrangement.

Under the terms of the deal, CLSA and Asia Plus are “committed to showing each other opportunities on a preferred basis,” said Richard Taylor, CLSA’s head of investment banking, in an email. “If either party does not want to take it up then the other party can proceed without restrictions.”...