MICT Subsidiary Magpie Securities Launches First Product, Magpie Invest – a Mobile-Based Stock Trading App – in Hong Kong
September 15 2021 - 7:30AM
MICT, Inc. (Nasdaq: MICT), (the “Company”) wholly-owned subsidiary
Magpie Securities today announces the launch of Magpie Invest, its
mobile stock trading app. The Magpie Invest trading app will be
available to investors in Hong Kong, and is licensed under Hong
Kong SFC, the most highly regarded financial market in China.
The Magpie Invest Trading App is a proprietary
platform and technology built by MICT that offers customers access
to more financial markets, a wider range of stocks, more market
data, enhanced analytics, market information, and an engaging user
experience.
“From the moment we merged with Global Fintech
Holdings we have been promising our stockholders that we will
deliver state-of-the-art fintech solutions to the Asian market,
today we have momentously achieved this promise. We have injected
nearly half a billion Hong Kong dollars into launching Magpie
Securities, a leading SFC-regulated securities business, which is
introducing its first product, the mobile trading app, Magpie
Invest. We have chosen the Hong Kong market to launch as it is the
number-one financial center in Asia, with very sophisticated retail
investors,” stated MICT Chief Executive Officer Darren Mercer.
“Magpie Invest enables investors in Hong Kong with free real time
data and market information and allows its users to trade on
exchanges from around the globe. The Magpie Invest launch in Hong
Kong is only the beginning of the realization of the Company’s
business plan, as we now aim to gain regulatory approval in
numerous jurisdictions for investors throughout the world to be
able to utilize the trading app.”
About MICT, Inc.
MICT is a Nasdaq-listed, global fintech company
founded in 2002. It has three trading platforms operating in
several high growth markets: an insurance brokerage, a commodities
platform, and now a stock trading platform, Magpie Securities, with
the launch of the Magpie Invest Trading App. Subsequently, the
launch of Magpie Securities will be announced later in the month of
September.
MICT, Inc. (Nasdaq: MICT) operates through its
wholly owned subsidiary, GFH Intermediate Holdings Ltd ("GFHI"),
GFHI’s various fully owned subsidiaries or VIE structures. GFHI's
versatile proprietary trading technology platform is designed to
serve a large number of high growth sectors in the global fintech
space. Primary areas of focus include online brokerage for equities
trading and sales of insurance products in several high-growth
foreign markets including Asia.
Forward-looking Statement
This press release contains express or implied
forward-looking statements within the Private Securities Litigation
Reform Act of 1995 and other U.S. Federal securities laws. All
statements other than statements of historical fact contained in
this press release are forward-looking statements. The words
“believe,” “may” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect” and similar expressions, as they relate to us,
are intended to identify forward-looking statements. We have based
these forward-looking statements on our current expectations and
projections about future events and financial trends that we
believe may affect our financial condition, results of operations,
business strategy, business prospectus, growth strategy and
liquidity. Such forward-looking statements and their implications
involve known and unknown risks, uncertainties and other factors
that may cause actual results or performance to differ materially
from those projected. The forward-looking statements contained in
this press release are subject to other risks and uncertainties,
including those discussed in the “Risk Factors” section and
elsewhere in the Company’s annual report on Form 10-K for the year
ended December 31, 2020, and in subsequent filings with the
Securities and Exchange Commission. Except as otherwise required by
law, the Company is under no obligation to (and expressly disclaims
any such obligation to) update or alter its forward-looking
statements whether as a result of new information, future events or
otherwise.Contact information:Tel: (201)
225-0190info@mict-inc.com
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