31st May 2011

On 31st May 2011, Aktis Chongqing and SK Securities signed a strategic alliance agreement to develop co-investment opportunities in Western China. SK Group is one of the largest Korean conglomerates and has total assets of over USD 9.2 billion. The Aktis-SK alliance will provide the Fund with additional co-investment opportunities on larger projects and additional scale to the Aktis platform.

SK Securities, one of the leading domestic brokerage houses, said Thursday that the Seoul-based outfit had sealed a strategic alliance early this week with AKTIS Capital Advisory, a private equity fund in Hong Kong. Under a memorandum of understanding, SK Securities plans to tap into the Chinese market, particularly the mid-west regions, with the supports of AKTIS that has a license for foreign exchange transactions in China.

“Typically, we have to undergo complicated procedures related to foreign exchange in order to do business in China. But the partnership with AKTIS will address the problems,’’ an SK Securities official said. SK Securities has made efforts to enter overseas markets. It established SK Securities Investment Asia this February aimed at markets in China and other Asian nations.

Source:
Kim, Tae Gyu. "SK Inks Deal with AKTIS." The Korea Times. N.p., 02 June 2011. Web. 28 June 2012.
http://www.koreatimes.co.kr/www/news/biz/2011/06/123_88233.html.