KUALA LUMPUR, Malaysia, Nov. 28 /Xinhua-PRNewswire/ -- EcoSecurities, one
of the world's leading companies in the business of originating, creating,
and trading carbon credits, announces the latest in a series of strategic
partnerships with leading financial institutions. The most recent agreement
signed with UOB Kay Hian, the largest brokerage group in Singapore will allow
both organizations to work together in order to identify and develop carbon
credit projects, as well as broker and buy carbon credits.
The agreement between the two companies specifically covers the following
areas:
* The identification and development of suitable Clean Development
Mechanism (CDM) projects from UOB Kay Hian's existing client base
* The development of relationships with organizations with a proven track
record to enable them to successfully leverage their assets to create
carbon credits from greenhouse gas projects
Agus Sari, EcoSecurities Regional Director, Southeast Asia, states "There
are huge synergies for both companies in developing CDM opportunities
together in Asia. This partnership will allow EcoSecurities the opportunity
to further develop its project pipeline in the region."
For UOB Kay Hian, this partnership offers an excellent means of offering
value added services to their existing and future clients. "The use of carbon
credits as a financial tool for cleaner development is becoming a mainstream
product recognized by financial institutions," commented Mr Tang Wee Loke,
Deputy Managing Director UOB Kay Hian.
Both companies hope that working together will drive the development of
the Asian carbon market, by increasing investment into the region and opening
doors to companies who can participate in and benefit from carbon finance.
Bruce Usher, CEO of EcoSecurities Group plc, commented "Our joint
capabilities will provide clients with solutions allowing them to take full
advantage of opportunities created by the CDM under the terms of the Kyoto
Protocol. I am very pleased that EcoSecurities will be working with UOB Kay
Hian to use our mutual expertise to successfully identify and develop CDM
projects in Asia."
Mr Wee Ee Chao, Managing Director, UOB Kay Hian also says "Climate change
has become a major global issue and we see a dynamic area for growth through
the CDM, not only as a way to mitigate it, but also to foster development in
the region."
Editor's Notes:
About EcoSecurities:
EcoSecurities is one of the world's leading companies in the business of
originating, developing and trading carbon credits. EcoSecurities structures
and guides greenhouse gas emission reduction projects through the Kyoto
Protocol, acting as principal intermediary between the projects and the
buyers of carbon credits.
EcoSecurities works with companies in developing and industrialising
countries to create carbon credits from projects that reduce emissions of
greenhouse gases. EcoSecurities has experience with projects in the areas of
renewable energy, agriculture and urban waste management, industrial
efficiency, and forestry. With a network of offices and representatives in
20 countries on five continents, EcoSecurities has amassed one of the
industry's largest and most diversified portfolios of carbon projects. Today,
the company is working on 273 projects in 27 countries using 16 different
technologies, with the potential to generate more than 146 million carbon
credits.
EcoSecurities Group plc is listed on the London Stock Exchange AIM
(ticker ECO.L). Additional information is available at www.ecosecurities.com.
About UOB Kay Hian:
UOB Kay Hian is the largest stocking broking firm in Singapore with
offices in Hong Kong, Thailand, Philippines, Indonesia, Malaysia, United
Kingdom, United States and China. Our equity sales team was ranked as one of
the top teams among local broking houses in Singapore by Asia Euro-Money in
the 2005 survey. Our total workforce in all our offices including sales and
support is about 2,000.
Our research team of 74 works closely with our sale force providing
comprehensive research advisory and consultancy services to our clients.
London based independent research ranking agency AQ rank our Research team,
as the number 1 team for Singapore Research based on accuracy in 2005.
Besides retail and institutional business, our other businesses include
corporate advisory/finance, structured finance and margin based financing.
