Global private capital platform CapBridge Pte Ltd (“CapBridge”) today announced a strategic business partnership with Hana Financial Investment Company Limited (“HFI”), a member of Hana Financial Group, one of the largest bank holding companies in South Korea.
Hana and CapBridge Signing Ceremony
Through this partnership, HFI will offer companies and investors in South Korea more access to private markets through CapBridge’s innovative private capital eco-system.
The CapBridge private capital platform undertakes primary capital raising activities, while its affiliate 1exchange (“1X”) is Singapore’s only licensed and regulated private exchange, facilitating the fair and orderly trading of private equities.
Johnson Chen, founder and CEO of CapBridge, said, “We are pleased to have the support of Hana Financial Investment, as we continue to extend our footprint in Asia. We look forward to offering more value to clients of HFI, as we work together to create investment opportunities through CapBridge and our private securities exchange 1X for companies and investors in South Korea.”
Lee Jin-kook, CEO of HFI, said, “”Hana Financial Investment is making steady efforts to create a global investment model to enable more active overseas exchanges between the local industries and local venture capital. We will actively support local unlisted companies to increase exchanges with overseas investors, resulting in more investment.”
The partnership will make it more convenient for unlisted companies in South Korea to attract investments from abroad. Through CapBridge and 1X, qualified investors in South Korea will also be able to access more foreign private investment opportunities.
1X recently saw its first ever private company listing. After a short six-week campaign that saw hundreds of highly-interested investors committing bids, Singapore-based boutique fund management company Aggregate Asset Management (“AAM”) listed on 1X with over SGD5.6 million worth of tradeable private equities representing approximately 5% of the company’s share equity.
HFI’s move reflects its intention to create a global investment platform model. The leading financial services company has been actively linking investment destinations and investors together in order to create a global business eco-system, led by Hana Bank.
This partnership comes on the back of recent collaborations by CapBridge with leading financial institutions, including United Overseas Bank and CIMB.