ECM LIBRA INVESTMENT BANK IN COOPERATION AGREEMENTS WITH CHINESE PARTNERS

KUALA LUMPUR, Aug 30 (Bernama) -- ECM Libra Financial Group Bhd's
investment banking division ECM Libra Investment Bank has entered into
cooperation agreements with China's Dacheng Law Offices, a partnership law firm,
and Hejun Consulting, a consulting company.

The agreements were for the purpose of sharing bilateral knowledge on
policies, regulations, financial markets and economic development in the Asia
Pacific region, it said in a statement Monday.

According to ECM Libra, the agreements will serve as a solid platform for
Dacheng and Hejun to participate in greater growth of Asia Pacific market,
especially Southeast Asia.

The agreements followed the recognition of Malaysia as an approved
investment destination under China's qualified domestic institutional investor
scheme administered by the China Banking Regulatory Commission.

"With Malaysia joining the ranks of 10 other countries as an approved
jurisdiction, ECM Libra is extremely proud to be given this opportunity to
broaden our business and to reach out to a new pool of Chinese investors to
undertake capital market exercises in Malaysia," said ECM Libra Investment
Bank's chairman Mohd Ali Abd Samad.

"In order to penetrate the Chinese market and to get a feel of the Chinese
community, ECM Libra felt that it would be best to form a Chinese
collaboration," he said.

ECM Libra's head of investment banking, Azlin Arshad, said with Malaysia as
a qualified destination under China's qualified domestic institutional investor
scheme, it will also spur cross-border mergers and acquisitions and
fund-raising.

"With regulations already in place to facilitate such cross-border
activities, we believe the Malaysian capital markets are well-poised to tap into
and serve the ever growing and expanding Chinese market," she said.
-- BERNAMA


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