PhillipCapital Announces Acquisition of Crevo Co., Ltd.Tokyo, Japan, Sept 25, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - PhillipCapital, an integrated financial services group headquartered in Singapore, announced today that it has agreed to acquire a majority stake in Crevo Co., Ltd., a Japanese commodity futures trading company on September 29, 2006. In addition, Crevo will also increase its capital by 200 million yen in a private placement with PhillipCapital. C. Jeffrey Char, President of PhillipCapital Japan commented, "We are very excited with the opportunity to welcome the Crevo team to the PhillipCapital group and are confident that they will enable us to offer a more diversified and synergistic set of solutions to all of our customers in Japan as well as overseas." Crevo's Representative Director and President, Junki Imamura, said that the acquisition will be a great benefit to Crevo's clients and partners. "It will allow us to dedicate far greater resources to our current offerings as well as to leverage the full breadth of PhillipCapital's resources and experience. With the strength of the PhillipCapital group behind us, we will have increased capacity to improve our services and to satisfy our customers." About PhillipCapital Group PhillipCapital is a group of companies that offers a full range of quality and innovative financial services to retail, corporate and institutional customers. PhillipCapital is an integrated financial services provider with approximately 3000 staff in Asia and Europe and total shareholders' funds in excess of US$300 million. In Japan, member companies include PhillipCapital Japan, PhillipCapital Real Estate Japan, Phillip Financials, Naruse Securities and Crevo. About Crevo Co., Ltd. Established in 1955, Crevo Co., Ltd. is a member of the Tokyo Commodity Exchange Tokyo Commodity Exchange (TOCOM) Tokyo exchange for trading futures on gold, silver, platinum, palladium, rubber, cotton yarn, and woolen yarn. (TOCOM See Tokyo Commodity Exchange. ), the Tokyo Grain Exchange (TGE TGE transmissible gastroenteritis. ) and the Central Japan Commodity Exchange (C-Com). It is licensed as a futures broker by the Japanese Ministry of Economy, Trade and Industry The Ministry of Economy, Trade and Industry (経済産業省 and the Ministry of Agriculture, Forestry and Fisheries
Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. such as gold, silver and platinum, energy such as gasoline, oil, and kerosene kerosene or kerosine, colorless, thin mineral oil whose density is between 0.75 and 0.85 grams per cubic centimeter. A mixture of hydrocarbons, it is commonly obtained in the fractional distillation of petroleum as the portion boiling off , and agricultural products such as corn, beans and coffee. For more information, please visit www.crevo.co.jp Source: PhillipCapital GroupCrevo Co., Ltd. Contact: PhillipCapital Japan KK Ayumi Takemura Marketing Department Tel: +81-3-3595-3631 Fax: +81-3-3595-3630 E-mail: info_pcj@phillip.co.jp http://www.phillip.co.jp Crevo Co., Ltd. Hideo Sugimoto Tel: +81-3-5651-2111 Fax: +81-3-3662-5700 E-mail: online@crevo.co.jp http://www.crevo.co.jp Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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