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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.