tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Raffles Financial Group Updates Shareholders on Subsidiary Rebranding and Strategic Developments

Story Highlights
  • Raffles Financial’s subsidiary rebrands to Raffles FinTech Limited to align with its trade-finance focus.
  • Raffles FinTech secures major clients and expands corporate strategy services, enhancing cross-selling opportunities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Raffles Financial Group Updates Shareholders on Subsidiary Rebranding and Strategic Developments

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from Raffles Financial Group ( (TSE:RICH) ) is now available.

Raffles Financial Group Limited has announced a name change for its wholly-owned subsidiary in Hong Kong from OakTree Financial Limited to Raffles FinTech Limited (RFT) to better reflect its business focus. RFT specializes in advisory and arrangement services for trade-finance facilities, helping clients manage procurement funding and monetize accounts receivable. The subsidiary has secured major clients in the biotech and medical construction sectors, and has expanded its corporate strategy advisory services, leveraging synergies for cross-selling opportunities. The company has also finalized a novation of a Sales and Purchase Agreement with Prof Kevin Lou, who will lead the consulting team to achieve business objectives.

More about Raffles Financial Group

Raffles Financial Group Limited is a company listed on the Canadian Securities Exchange under the stock symbol RICH. The company is involved in providing financial advisory services, with a focus on trade-finance facilities for fast-growing companies, and corporate strategy advisory services.

Technical Sentiment Signal: Sell

Current Market Cap: C$142.7M

For an in-depth examination of RICH stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1