StoxPlus enters into capital and business alliance with Nikkei Inc. and QUICK Corp.
StoxPlus Corporation [“StoxPlus”], the Vietnam’s pioneering financial and business information business, announced today that it has agreed a capital and business alliance with its Japanese partners: Nikkei Inc. ["Nikkei"] and QUICK Corp. ["QUICK"].
Commenting on the announcement, Nguyen Quang Thuan, Chairman and Chief Executive Officer of StoxPlus said, “We are very delighted to announce our partnership with Nikkei and its member subsidiary QUICK today. StoxPlus has been a pioneer providing financial information and related analytic tools in Vietnam. We strongly believe in a new development stage for StoxPlus from the cooperation. This is not only to make our company grow significantly but also to support the promotion of trade and investment ties between Vietnam S.R. and our country-strategic partner, Japan ”.
Agreements were signed between StoxPlus with Nikkei and with QUICK on September 19, 2014 where Nikkei and QUICK subscribes 35.1% equity stake in total. However, the terms and valuation are not disclosed. While Japanese Securities Incorporated (Vietnam) “JSI” has been the exclusive strategic and financial advisor to the buyside in this transaction; and Nexus Group, a Hanoi-based M&A boutique has been the financial advisor to StoxPlus.
Leveraging StoxPlus’s extensive sales channels and its track records, both parties will jointly develop analytic tools for both individual and institutional investors in capital markets in Vietnam and other research tools serving both domestic market and foreign players having exposure to Vietnam.
StoxPlus is one of the most trusted and reliable providers of financial and business information in Vietnam. It also provides analytic tools and related financial IT solutions to both domestic and foreign institutions in Vietnam. StoxPlus is well-known for its premium market and industry research services for local and foreign institutions via its e-commerce portal: www.StoxResearch.com. StoxPlus was established in late 2008 as a startup with advertising-based equity premium portals www.StoxPlus.com and www.Stox.vn by a team of experienced and passionate investment professionals including Mr. Thuan Nguyen, Mr. Hieu Nguyen, Mr. Harry Tran and Mr. Bolat Duisenov.
About Nikkei Inc.
Founded in Tokyo in 1876, Nikkei Inc. is one of Asia''''s largest media companies and publisher of the highest-circulating financial newspaper in the world: the Nihon Keizai Shimbun (Nikkei). It also launched English-language publication “Nikkei Asian Review” last year. Famous for its daily Tokyo stock index, Nikkei is one of Japan''''s most widely recognized media companies. In Japan, Nikkei also boasts extensive television operation with stakes in key broadcasters such as TV Tokyo alongside the Nikkei CNBC rolling financial news channel - a joint venture with CNBC Asia Pacific. Nikkei established Hanoi bureau in 1991 to report economy, politics and society of Vietnam and will enhance information providing as ‘Nikkei with strong advantage in Asia’ through the cooperation with StoxPlus.
About QUICK Corp.
As a financial information provider in the Nikkei Inc. Group, QUICK distributes real time global securities and financial information as well as news and economic information. It provides comprehensive solutions to the securities and financial market with supporting services for asset management, order routing and execution, and construction and maintenance of information network.
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