Futu Holdings' Subsidiary, Futu Singapore Received Multiple Approvals-in-Principle and Exempt Financial Adviser Status Regarding Trading, Clearing, and Investment Advisory in Singapore
February 10 2022 - 12:30AM
Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq:
FUTU), a leading tech-driven online brokerage and wealth
management platform, today announced that its Singapore subsidiary,
Futu Singapore Pte. Ltd., has received the
in-principle approvals to be admitted as a Depository Agent of The
Central Depository (Pte) Limited (CDP), a Trading Member of
Singapore Exchange Securities Trading Limited (SGX-ST) and
Singapore Exchange Derivatives Trading Limited (SGX-DT), and a
Clearing Member of The Central Depository (Pte) Limited (CDP),
Singapore Exchange Securities Clearing Limited (SGX-SC) and
Singapore Exchange Derivatives Clearing Limited (SGX-DC). Singapore
Pte. Ltd. has also received an Exempt Financial Adviser (EFA)
status from the Monetary Authority of Singapore (MAS).
After formal admission into the aforementioned
memberships, Futu Singapore Pte. Ltd. expects to provide relevant
trading, clearing, and investment advisory services in Singapore.
By leveraging its premier products and services, the Company looks
forward to further strengthening its presence in the Singapore
market.
About Futu Holdings Limited
Futu Holdings Limited (Nasdaq: FUTU) is an
advanced technology company transforming the investing experience
by offering a fully digitized brokerage and wealth management
platform. The Company primarily serves the emerging affluent
population, pursuing a massive opportunity to facilitate a
once-in-a-generation shift in the wealth management industry and
build a digital gateway into broader financial services. The
Company provides investing services through its proprietary digital
platform, Futubull and moomoo, each a highly integrated application
accessible through any mobile device, tablet or desktop. The
Company's primary fee-generating services include trade execution
and margin financing which allow its clients to trade securities,
such as stocks, warrants, options, futures and exchange-traded
funds, or ETFs, across different markets. Futu has also embedded
social media tools to create a network centered around its users
and provide connectivity to users, investors, companies, analysts,
media and key opinion leaders.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the quotations from the management
team of the Company, contain forward-looking statements. Futu may
also make written or oral forward-looking statements in its
periodic reports to the SEC, in its annual report to shareholders,
in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including
statements about Futu's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Futu's goal and strategies; Futu's expansion plans;
Futu's future business development, financial condition and results
of operations; Futu's expectations regarding demand for, and market
acceptance of, its credit products; Futu's expectations regarding
keeping and strengthening its relationships with borrowers,
institutional funding partners, merchandise suppliers and other
parties it collaborate with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Futu's filings with the SEC. All information provided
in this press release and in the attachments is as of the date of
this press release, and Futu does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor inquiries, please contact:
Investor RelationsFutu Holdings Limitedir@futuholdings.com
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