International diversified resources company, Astra Resources Plc (FWB Code: 9AR), has appointed diversified investment and financial services group Octa Phillip Securities, one of Australia’s largest independent broking firms, to provide access to their electronic trading platform and services to Astra shareholders.
Octa Phillip provides wealth management, institutional and private client stockbroking, corporate finance, research and funds management services. Octa Phillip has direct channels into Asia. The major shareholder, Phillip Capital Group, has extensive proprietary trading platforms, over 5000 employees and strong bases in Singapore, Hong Kong and throughout Asia.
Octa Phillip’s offices are in Melbourne, Sydney, Perth, Adelaide and the Gold Coast. It was formed by the Intersuisse Ltd acquisition of the Austock Securities business in early 2012.
Nicholas Pereza-Mathews, Head of Global Markets at Octa Phillip Securities said their global markets service provides general advice, custody and dealing for Australian companies that have listed on overseas exchanges and want to provide their Australian shareholders a full stockbroking service with the convenience of dealing with a local AFSL licensed stockbroker.
Astra CEO Dr Jaydeep Biswas said this is an important move from a corporate perspective for Astra.
“The service from Octa Phillip provides current and prospective shareholders with a more efficient way of trading in Astra shares,” Dr Biswas said.
Astra Managing Director Silvana De Cianni said the choice is with each shareholder should they wish to use the global markets service provided by Octa Phillip Securities.
Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland.