Raffles Financial Announces Strategic Cooperation with Shanghai Lingang Free Trade Zone Technology Hub

SINGAPORE, Oct 26, 2020 – (ACN Newswire) – Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) today announced that its wholly owned subsidiary Raffles Financial Private Limited ("Raffles") has entered into a 3-Year Strategic Cooperation Agreement (the "Agreement") with Shanghai Lingang Technology Entrepreneurship Center Co., Ltd. ("Lingang") on October 22, 2020 (the "Cooperation").

Raffles, equipped with professional background and experience in corporate finance, will support Lingang in building an incubation centre for fast-growing tech firms with leading disruptive technologies. Raffles' role is to assist in screening, inviting, coaching, developing "mega unicorn potential" companies with the aim to secure funding via public listing on major stock exchanges worldwide.

"Lingang has 17 hubs, hosting more than 20,000 high-tech firms, spread across the key provinces in China and Raffles' mandate is to provide these and future hubs with the full suite of Raffles Financial solutions including bespoke services designed for Lingang like the Unicorn Acceleration Program," explained Dr. Charlie In, Chairman of Raffles.

Raffles will also provide the Lingang companies with advisory and arrangement services in financing restructuring, overseas listing, mergers and acquisitions, overseas trusts, global strategic alliances, investor relations, post-listing market development and corporate governance.

About Lingang Technology Hub

Shanghai Lingang Technology Entrepreneurship Center Co., Ltd. ("Lingang") is located in the International Innovation Collaboration Zone of the Lingang New Area of China (Shanghai) Pilot Free Trade Zone ("FTZ"), established in August 2019, that serves as a national technology incubation hub. The FTZ priority is to attract 'mega unicorn' technology companies into Lingang with preferential governmental policies and tax rates, seamless cross-border financial, talent, and technology transfers starting with the Shanghai Technology Exchange.

Technology players in the artificial intelligence, biotech, green energy & environment technologies, financial technologies, integrated circuits and life sciences will be invited to house their HQ in Lingang. Lingang is now home to global firms like Tesla, BMW, General Electric (GE), and Siemens.

About Raffles Financial Group Limited (CSE: RICH) (GR: 4VO) (OTC: RAFFF)

Raffles Financial Pte Ltd (a wholly owned subsidiary of Raffles Financial Group Limited) is an exempt corporate finance advisory firm, registered with the Monetary Authority of Singapore, which provides public listing advisory and arrangement services. Raffles Financial serves as advisor for family trusts, family offices and investment funds. Please visit www.rafflesfinancial.co for more information.

For more information, please contact:
Cathy Hume, Investor Relations
Phone: 416-868-1079 x 231
Email: cathy@chfir.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the anticipated partnerships with financial institutions worldwide and the growth potential through Province Representatives. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66830

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Endowus launches Fund Smart for Singapore investors

SINGAPORE, Oct 26, 2020 – (ACN Newswire) – Endowus.com, Singapore's leading MAS-licensed digital wealth management platform and the first and only digital advisor for the Central Provident Fund (CPF), has announced the launch of their new investment solution – Fund Smart. Singapore investors can now build investment portfolios from a selection of institutional share-class and trailer-fee free funds curated by the Endowus Investment Office, led by Samuel Rhee, Chairman & Chief Investment Officer at Endowus.

This new solution gives investors the ability to customise their fund allocations, analyse the historical and projected performance, as well as look-through the underlying exposure and total costs across the selected funds. It also provides real time advice to investors on the suitability of the portfolio they have created against their financial needs. Similar to existing Endowus investment offerings, Fund Smart has no sales fees, no transaction fees, no lock-ups and 100% trailer fee rebates. Endowus has also built in automated rebalancing and regular savings plans capabilities to improve the client investment experience.

Endowus launched a market survey to better understand Singaporeans' investment preferences and needs prior to designing Fund Smart. The majority of respondents indicated a strong preference for the flexibility to customise their own investment portfolios, with exposure to specific geographies or sectors (74.5%) and lower costs (84%) as key considerations. Endowus Investment Office sought to design a differentiated investment solution to take into consideration Singaporeans' investment needs and also provide quality advice in the form of curated fund selection and model portfolios.

Samuel Rhee, Chairman and Chief Investment Officer at Endowus, said: "Fund Smart's value proposition is clear. People struggle with too many options – a growing array of platforms, and far too many funds to choose from with confusing fee structures. Transparency is important to us as it should be to our clients. We want our clients to experience the same quality of advice we have provided with our core portfolio products, but now with greater flexibility as we introduce a new way of investing through Fund Smart. Stick to our advised and new model portfolios, or make the tweaks you need. It's that simple. And at the same low and aligned fees you can't get elsewhere."

The curated model portfolios include an ultra-defensive fixed income portfolio to prioritise capital preservation to weather volatility in markets and also flexible cash management solutions, as well as thematic and sector-focused portfolios such as ESG (Environment, Social, Governance) or SRI (Socially Responsible Investing) funds, Shariah-compliant funds, and thematic funds.

Funds available on Fund Smart include those managed by Dimensional Fund Advisors, PIMCO, Vanguard, Schroders, First Sentier, Franklin Templeton, Eastspring, Fidelity, PineBridge, Legg Mason, Fullerton, Lion Global, Nikko, and UOB Asset Management.

Endowus' no sales fee and 100% trailer fee rebate policy not only lowers the total cost of investment, but also ensures alignment of interests with the investors. As a fee-only advisory firm, Endowus is not incentivised by product providers paying them hidden sales kickbacks. The average net cost of managing portfolios with Endowus is 65% cheaper than trying to replicate the portfolios on popular platforms and private banks in the market.

Kimberley Stafford, Managing Director and Head of PIMCO Asia Pacific said, "PIMCO has had the pleasure to collaborate with Endowus since their launch. With its unique solution offerings and the launch of the new innovative Fund Smart solution, we believe Endowus, as an industry leading digital wealth management platform, will help broaden PIMCO's outreach to retail investors in Singapore and provide them with the access to our fuller range of global fixed income investment solutions."

Gregory Van, Founding Partner at Endowus, said "Fund Smart provides transparency and flexibility for clients to express their investment views through access to best-in-class funds, all on a secure wealth platform that is home to all their money – Cash, CPF and SRS. We will continue to help clients cut through the clutter, keep fees low and aligned, and improve everyone's investment experience."

Joel Kim, CEO of Dimensional Asia ex-Japan, said "Dimensional is pleased to have worked with Endowus since they started serving Singaporean investors. They are one of the pioneers of fee-based independent advice in Singapore with a strong focus on low cost, transparent and systematic approach to investing. Endowus' launch of the Fund Smart solution is a significant evolution in their advice offering for Singaporeans wishing to invest more of their savings with Dimensional through Endowus."

Safety and Security together with Ease of Use Are Still Important

According to the investor survey conducted, the safety and security of the platform (83.9%) are crucial deciding factors in determining where Singaporeans invest. Through Endowus' partnership with Singapore's largest broker UOB Kay Hian, all client assets and investments are safely held in trust under the client's own name. As with all of the Fintech company's product offerings, Endowus Fund Smart gives users a fully digital, fuss-free onboarding experience using MyInfo within minutes from the comfort of their own homes.

About Endowus

Endowus.com is a MAS-licensed financial technology company and the first-and-only digital investment advisor for the Central Provident Fund (CPF), Supplementary Retirement Scheme (SRS), and cash.

Endowus offers access to superior investment products, personalised advice, and lower costs on a seamless digital investment platform for all investors. Partnered with UOB Kay Hian, Singapore's largest broker, client assets and positions are safely held in the client's own name. For more info, please visit www.endowus.com/

For media queries, please contact:
PRecious Communications for Endowus
E: endowus@preciouscomms.com
T: +65 6303 0567 / +65 9644 2930

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Global brokerage firm Tiger Brokers uncovers Singaporean Gen Zs’ penchant for globally diverse and long-term technology stocks

SINGAPORE, Oct 23, 2020 – (ACN Newswire) – Xiaomi-backed global brokerage firm Tiger Brokers shared insights around the investment behaviour of Generation Z investors (aged between 18 to 24 years old), analysing about 100,000 Generation Z investors who are trading on Tiger Brokers' platform during the span of 2015 to 2020. Gen Z makes up 15% of the company's current 900,000+ customers worldwide; and 30% of Singapore's total customers since the launch of Tiger Trade app in February 2020. The findings for the Singapore sample are in line with the overall findings.

The analysis showed that 45% of Gen Z investors prefers long-term stocks like Apple, Boeing, and Carnival, 35% real estate investment trusts (REITs) and exchange traded funds (ETFs) across United States, Hong Kong and Singapore; 10% are investing in high volatility stocks, such as Afterpay, Kodak, and Vaccinex and 10% in options, based on reports and business forecasts. For Q3 2020, the most traded stocks by Gen Z in Singapore are Tesla, Apple, NIO and MedTech International.

Wu Tianhua, Group CEO of Tiger Brokers, said, "Gen Z investors tend to gear towards creating a globally diverse investment portfolio. Since 2015, we have seen a year-on-year increase of Generation Z investing on the Tiger Trade platform. We will continue to strengthen our technology capabilities to provide the necessary tools to help bolster our investors' trust in the platform."

Tiger Trade's figures show Gen Z investors have a 80:20 split between traditional stocks and real estate versus volatile stocks and options. The average fund deposited in a Gen Z Tiger Brokers trading account was US$3,435, over the last five years.

Fractional Shares for better accessibility to global stocks

Tiger Brokers is currently seeing increasing interest around US fractional shares from its users, which is a relatively popular financial product in the US. The fintech company sees fractional shares as part of its larger efforts to bring a more diverse array of trading options to its investors, especially Generation Z or new investors who would like to start with lower capital. Investors can determine the value that they would like to trade, and Tiger Brokers will help with the purchase. Investors may access US fractional shares via the Tiger Trade platform in the near future.

Tiger Brokers had recently added ASX (Australian Securities Exchange) in September and Singapore Exchange (SGX) in June, addressing Singapore-based investors' increasing appetite towards investing even during the current COVID-19 pandemic: Tiger Brokers had witnessed a surge in account openings at 126% in 3Q2020 as compared to 2Q2020, with investors committing smaller premiums at the beginning of their investment journey.

Eng Thiam Choon, CEO of Tiger Brokers Singapore highlights, "Less is more – At Tiger Brokers, we noticed a demand for investors for smaller investment amounts. With our current US market's median trade size at US$1,200 indicative, some of the US blue chips could be a hefty start, especially for those who are new to trading. For example, one can now purchase part of an Amazon stock for a fraction of the market price which is usually in the range of US$3,160, US$3,400 depending on the market situation. We believe fractional shares investment allows individuals, especially for those who are more conservative with their purchase to have a chance to invest prudently as well as diversifying their investment portfolio."

A business with social impact at heart

Tiger Brokers Singapore will also be sponsoring the Annual Singapore Exchange Bull Charge run as a Bronze sponsor, alongside DBS Bank, PhillipCapital, Frasers Property, F&N Limited and more. The team hopes to help raise funds for five different beneficiaries (Autism Association (Singapore), AWWA Ltd, Fei Yue Community Services, HCSA Community Services and Shared Services for Charities), providing them with care and assistance that help them lead more positive, meaningful and comfortable lives. The run will be conducted virtually, where participants could start their virtual run anywhere between 30 October, 6pm to 13 November, 8pm.

"Tiger Brokers believes in giving back to the community. It is in our culture, values and way of doing business to do what's right for the community. We give serious consideration to the impact our business activities may have, not only on our partners and investors, but also the local communities. We know that many people or communities have been impacted by the pandemic and we encourage others to join us in the participation of different charitable activities of their choice. As a fintech company, we hope to raise awareness, especially this year where many will need the additional support to sail through," added Thiam Choon.

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC) on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on the Singapore, U.S., Hong Kong and Australia stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Stock Exchange (SGX) and Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded "2017 Fintech 250" by CB Insights and shortlisted for "China Leading Fintech 50" for two years in a row by KPMG China. The company was listed on NASDAQ under "TIGR" in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 833,900 customers worldwide currently, with a total trading volume of US$46.8 billion in Q2 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg.

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com / media@tigerbrokers.com.sg

This article has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein "Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Woori BMO Group Comments on Finance of America Set for IPO

TORONTO, ONTARIO , Oct 16, 2020 – (ACN Newswire) – Woori BMO Group has today commented on Blackstone Group-backed consumer-leading platform Finance of America Equity Capital LLC as they get set to go public with a valuation of $1.9 billion through a publicly traded special purpose acquisition company (SPAC) merger, the popular way to list this year.

"Finance of America is merging with the special-purpose acquisition company Replay Acquisition Corp. This will give the company a valuation of $1.9 billion. The company will also receive $250 million in investment from institutional investors as part of the deal," commented Christian Harper, Director of EMEA Wealth Management at Woori BMO Group.

As a result of the transaction, the Pennsylvania-headquartered company's founder and CEO Bill Dallas and funds managed by Blackstone will be left with a 70% ownership stake.

This year, SPACs have emerged as a popular IPO substitute for some businesses, offering a route to going public with less regulatory oversight and more clarity about the valuation that will be reached and the funds that will be raised.

"So far in 2020, U.S. SPACs have raised $53.8 billion through IPOs, which is more than the total raised in the last seven years," commented Director of Institutional Equity at Woori BMO Group, Andrew Williams.

Finance of America has generated over $65 billion in loans through its collection of companies since 2017, according to researchers at Woori BMO Group. The company operates in four emerging markets including Commercial Real Estate, Mortgages, Reverse Mortgages and Fixed Income Investing. In recent years, Blackstone has evolved Finance of America through a series of acquisitions, including purchases of Gateway Funding, Pinnacle Capital Mortgage and Skyline Home Loans.

In the third quarter, Finance of America generated over $7.4 billion, the highest of any quarter on record for the end-to-end lending and services platform. Like other mortgage lenders, the Blackstone portfolio company has highly benefited from ultra-low interest rates and a huge demand for refinancing business.

About Woori BMO Group

Founded in 2007, Woori BMO Group is a full-service wealth management company providing both corporate institutions and private clients a tailored financial advisory service from its retail office in Toronto, Canada.

Media Contact
Company: Woori BMO Group
Contact: Mr. Shinsato Masao, Chief Economist
Telephone: +1-647-946-8880
Email: shinsato.masao@wbginternational.com
Address: 25F Exchange Tower, 130 King Street West, Toronto, ON, Canada M5X 1E3

Related Links
Woori BMO Group https://www.wbginternational.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66036

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Woori BMO Group Reports on Clover Health as They Go Public in $3.7 Billion SPAC Deal

TORONTO, ONTARIO , Oct 9, 2020 – (ACN Newswire) – Woori BMO Group has today commented on Clover Health, the insurance start-up backed by Alphabet Inc. and Sequoia, as it agrees to go public through a merger with a special purpose acquisition company created by Palo Alto-based venture capitalists, Social Capital Hedosophia Holdings Corp. III.

Christian Harper, Director of EMEA Wealth Management at Woori BMO Group, reported, "The deal gives Clover Health a company valuation of $3.7 billion, raising $1.2 billion in proceeds. Of this amount, $828 million will come from the SPAC company, Social Capital Hedosophia Holdings Corp. III, with a further $400 million coming from private investors."

The founder and chief executive officer of Social Capital, Chamath Palihapitiya, said he would personally invest $100 million into the combined company.

Palihapitiya said in an investor call on Tuesday, "I have known Vivek (CEO of Clover) for almost ten years. As an investor, the most basic thing you need to know is this is the ultimate healthcare disruptor. We are going to fortify this balance sheet, so Clover has the ability to aggressively build and expand all throughout America."

Clover Health provides Medicare Advantage plans in 34 counties across seven states, with its biggest market being New Jersey. Its plans received a three out of five Medicare star rating for 2020.

Unlike many other health insurance start-ups which promote narrow-network plans to lower costs, Clover Health has structured most of its plans as PPO networks. It advocates a software tool it has developed for primary care physicians as a way of reducing variability and healthcare expenses.

The company has also faced some challenges along the way. In 2018, Clover lost its former CTO and COO in quick succession. It later hired Andrew Toy, who sold his previous start-up to Google, as its CTO and president. Last year, after raising $500 million, the company cut a quarter of its workers, which it described as a restructuring to shift some of its resources to become experts in the Medicare Advantage market.

Woori BMO Group's Head of Institutional Equity, Andrew Williams, reported, "Clover Health generated $462 million in revenue last year, an increase from $290 million in 2018. The company did, however, suffer a net loss of $60.57 million."

Williams added, "Looking toward 2021, the company is projecting revenues of $880 million and 273,000 members. That is over four times the amount of its current memberships which is around 57,000."

Clover will use the funds to boost the start-up's growth, with the company planning to expand into 74 more counties and an eighth state next year.

About Woori BMO Group

Woori BMO Group is a full-service wealth management company providing both corporate institutions and private clients a tailored financial advisory service from its retail office in Toronto, Canada.

Media Contact

Mr. Shinsato Masao
Chief Economist
Telephone: +1-647-946-8880
Email: shinsato.masao@wbginternational.com
25F Exchange Tower
130 King Street West
Toronto, ON, Canada
M5X 1E3

Related Links
Woori BMO Group https://www.wbginternational.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65615

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Raffles Financial Enters into Strategic Partnership with Japan’s Pacific Bays Capital

SINGAPORE, Oct 8, 2020 – (ACN Newswire) – Raffles Financial Pte Ltd, a wholly owned subsidiary of Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("Raffles", "the Company" or "RF"), today announces that the Company has entered into an advisory partnership for advanced-stage capital and public listing services with Japan's Pacific Bays Capital ("PacCap"), a top tier VC firm that invests selectively into Japanese and global firms.

PacCap general partners are seasoned VC professionals based in Japan and Silicon Valley, with overall team background including experience at major Japanese banks, independent VC funds, Sequoia Capital, Blackrock, and Morgan Stanley. Given Japan's "Move South" strategy, PacCap sees a rise in demand for more funding needs by advanced-stage Japanese firms securing strategic resources, contract manufacturers, and parts/services suppliers from the Indo-Pacific region such as Cambodia, Laos, Myanmar, Vietnam and Indonesia. Therefore, PacCap is glad to be working with Raffles to help secure these resources.

"Raffles Financial, based in Singapore, is equipped to help advanced-stage Japanese firms to get listed on either Singapore or Hong Kong Stock Exchange and to raise the required money for their moving-south expansion. ASEAN investors appreciate the rapid growth opportunities in Indo-Pacific and the Japanese contribution in branding, technologies and global customer base," says Dr. Charlie In, Chairman, Raffles Financial.

Raffles Financial is represented in Australia, Canada, China, Europe, Hong Kong and Singapore and has the resources to serve the aims of the Japanese firms seeking funding and resources through their public listings outside Japan.

PacCap partners are working closely with Japanese industry leaders and exploring various government initiatives to identify promising investment target companies and potential 'unicorns' for immediate investment. Raffles Financial is to provide advice on navigating exit strategies and additional services to help bring foreign capital to those firms.

Maxwell Weiss, General Partner of PacCap says, "There's a lot of synergy with what PacCap is envisioning for Japanese firms and the path for expansion into South-East Asia via Raffles. We are excited about Raffles' wide array of services to help these advanced-stage companies raise capital, and where appropriate, plan exit strategies in new markets to bring foreign capital back to Japan."

About Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF)

Raffles Financial Pte Ltd (a wholly owned subsidiary of Raffles Financial Group Limited) is an exempt corporate finance advisory firm, registered with the Monetary Authority of Singapore, which provides public listing advisory and arrangement services. Raffles Financial serves as advisor for family trusts, family offices and investment funds. Please visit www.rafflesfinancial.co for more information.

For more information, please contact:
Cathy Hume, Investor Relations
Phone: 416-868-1079 x 251
Email: cathy@chfir.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the anticipated partnerships with financial institutions worldwide and the growth potential through Province Representatives. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65505

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com