Standard Chartered PLC is a holding company. Through its subsidiaries, the Company is engaged in the business of retail and commercial banking and the provision of other financial services. The Company has has over 1,600 branches and outlets. The Company operates in two business segments: Consumer Banking and Wholesale Banking. Its subsidiaries includes Standard Chartered Bank, England and Wales; Standard Chartered Bank Malaysia Berhad, Malaysia; Standard Chartered Bank (Pakistan) Limited, Pakistan; Standard Chartered Bank (Taiwan) Limited, Taiwan, and Standard Chartered Bank (Hong Kong) Limited, Hong Kong. In December 2008, the Company completed the acquisition of an additional 25.9% stake in Standard Chartered - STCI Capital Markets Limited, pursuant to which the Company's total holding will be 74.9%. In July 2009, the Company announced the acquisition of the outstanding 75% interest in First Africa Group Holdings Limited.