Raffles Financial Group Limited

Recent News

  • Raffles Financial Appoints Mike Zhou as Executive Director

    Singapore, Singapore--(Newsfile Corp. - November 5, 2020) -  Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) today announced that it has appointed Mike Zhou, previously Independent Director, as Executive Director for North America.Mr. Zhou's expertise, developed over the course of a decade, covers capital markets and international business strategy with a special focus on the technology sector. In recent years, he has held management positions and director roles throughout the FinTech, digital marketing, consulting, and financial sectors.From 2013...

    2020-11-05 2:48 PM ET
  • Raffles Financial Enters into Joint Venture Agreement with Raffles Infrastructure Investment

    Singapore, Singapore--(Newsfile Corp. - November 2, 2020) - 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 a Joint Venture Agreement with Raffles Infrastructure Investment Pte Ltd. ("RII"), a subsidiary of Raffles Infrastructure Holdings Limited listed in Singapore under symbol LUY. The Parties intend to collaborate in a joint venture company ("JVC"), MFUND Limited, which upon...

    2020-11-02 8:30 AM ET
  • Raffles Announces 2020 Fiscal Year-End Financial Results

    Vancouver, British Columbia--(Newsfile Corp. - October 29, 2020) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("Raffles" or "the Company") today announces its financial results for the fiscal year ended June 30, 2020, highlighted by revenue of $8,866,672 and adjusted comprehensive income before other items and income tax expenses of $12,220,573. All amounts expressed are in Singapore dollars.2020 Financial Highlights:Total Revenue of $8,866,672 (2019: $11,533,334)Adjusted comprehensive income before other items and income tax expenses3 of $12,220,573...

    2020-10-29 10:02 AM ET
  • Raffles Financial Announces Strategic Cooperation with Shanghai Lingang Free Trade Zone Technology Hub

    Singapore, Singapore--(Newsfile Corp. - October 26, 2020) -  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...

    2020-10-26 7:00 AM ET
  • Raffles Portfolios VCC Appoint R.E.Lee Capital as Fund Manager

    Singapore, Singapore--(Newsfile Corp. - October 22, 2020) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("Raffles" or "the Company") is pleased to announce the formation of Raffles Portfolios Variable Capital Company ("VCC") in Singapore under the new framework of the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA). The VCC is a new corporate structure that can be used for a wide range of investment funding purposes and will provide fund...

    2020-10-22 10:29 AM ET
  • Raffles Financial Enters into Strategic Partnership with Japan's Pacific Bays Capital

    Singapore, Singapore--(Newsfile Corp. - October 8, 2020) - 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...

    2020-10-08 8:15 AM ET
  • Raffles Financial Starts Audit for Financial Year Ended 30 June 2020 and Financial Reporting Announcement by 12 September 2020

    Singapore, Singapore--(Newsfile Corp. - July 27, 2020) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("Raffles" or "the Company") announces that the Company will invoke the British Columbia Securities Commission (the "BCSC") BC Instrument 51-515 ("BCI 51-515") extending deadlines to file its financial statements and Management Discussion and Analysis ("MD&A") for the Year End of its pre-plan of Arrangement Entity. Pursuant to BCI 51-515, the Company is relying on the relief therein for its audited financial...

    2020-07-27 5:27 PM ET
  • Raffles Financial Group Joins CSE25 and CSE Composite Index

    Singapore--(Newsfile Corp. - June 30, 2020) - Raffles Financial Group Limited (CSE: RICH) (Frankfurt: 4VO) (OTC: RAFFF) ("Raffles" or "the Company") today announced that it has been included in the Top 10 ranking of the CSE Composite Index® and the CSE25™ Index, which are the two major indices under the Canadian Securities Exchange. "We are honoured to be included with this prestigious group of companies on the Canadian Securities Exchange {CSE}, ranking #1 on the Diversified Industries section and one...

    2020-06-30 11:15 AM ET