NH Investment & Securities has begun the process of listing three companies in the first quarter, outperforming its market peers over the past year, market watchers said Monday.
Managing Director of CNH India and SAARC, Narinder Mittal, said that they plan to expand their presence in precision technology as well as harvesting equipment in the country.
Korea Investment & Securities and NH Investment & Securities are to be mired in a class action lawsuit due to the controversial IPO of Fadu, a fabless semiconductor unicorn company that went public in early August.
The South Korean investment company that acquired the former STX Offshore & Shipbuilding in 2021 has completed the acquisition of a second midsized sh.
NH Investment advised to pay full compensation to some investors over hedge fund scandal
Posted : 2021-04-06 17:29
Updated : 2021-04-06 17:29
An arbitration panel of financial authorities has advised NH Investment Securities to pay full compensation to some investors over a hedge fund scandal, citing a mistake in contracts promoting the fund, officials said Tuesday.
Brokerage firm NH Investment has been under pressure to offer compensation as it promoted 470 billion won (US$417 million) of the fund managed by Optimus Asset Management, which is accused of wrongdoing and froze withdrawals due to liquidity problems.
The scandal surrounding Optimus Asset Management centers on allegations that the private equity company solicited funds worth a total of some 1.2 trillion won from thousands of people for investments in public institutions but actually funneled most of the money into risky assets, causing huge losses to the investors.