Raffles Financial Joint Venture to Start Raffles Financial Americas
Singapore, Singapore--(Newsfile Corp. - February 2, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") has entered into a joint venture agreement on 2 February, 2022 (the "Joint Venture Agreement") with Mr. Nick Standish, Canadian entrepreneur and businessman, to form Raffles Financial Americas Pte Ltd to serve clients based in Americas with corporate finance advisory and North American public listing arrangement services. This joint venture...
2022-02-02 7:45 AM EST
RFA Successfully Registered as an Exempted Corporate Finance Advisor
Singapore, Singapore--(Newsfile Corp. - January 11, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") wish to announce that its operating subsidiary, Raffles Financial Advisory Pte Ltd ("RFA", formerly known as Alto Vencap Pte. Ltd.), which was acquired by the Company in September 2021, has successfully registered as an Exempt Corporate Finance Adviser with the Monetary Authority of Singapore. An Exempt Corporate Finance Adviser providing...
2022-01-11 5:40 PM EST
Raffles Status Update of Finalizing Year-End Financial Statements and Disclosure of Financial Information of the Major Operating Subsidiary
Singapore, Singapore--(Newsfile Corp. - December 30, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("Raffles", "RFG", the "Company" and together with its subsidiaries collectively as the "Group") wishes to ensure that it continues to keep all of our shareholders updated on the affairs of the Company, and as such the Board is today releasing an update on Raffles' status of finalizing the Group's year-end financial statements. As disclosed in the RFG's news...
2021-12-30 4:46 PM EST
Raffles Announces Corporate Update
Singapore, Singapore--(Newsfile Corp. - December 20, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) The Company wishes to ensure that it continues to keep all of our shareholders updated on the affairs of the Company, and as such the Board is today releasing an update on the current status of finalising year-end financial statements, entering into a cloud-based system right-to-use agreement and an acquisition of two technology operators.Raffles Status of...
2021-12-20 7:22 PM EST
Raffles Status of Finalizing Year-End Financial Statements
Singapore, Singapore--(Newsfile Corp. - November 26, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) Consistent with the Company's commitment in keeping all shareholders updated on the affairs of the Company, the Board provides an update as to its progress in revoking the Management Cease Trade Order dated October 29, 2021 (the "Order") which the Company attained for the purposes of maintaining the continuity of its trading market as a result of the Company...
2021-11-26 12:20 PM EST
Raffles Financial and AlDigi to Collaborate on Digital Asset Solutions and Advisory
Monetary Authority of Singapore.Singapore, Singapore--(Newsfile Corp. - November 15, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG")'s operating subsidiary unit, Raffles Financial Advisory Pte Ltd ("RFA"), has entered into a Collaboration Agreement ("CA") with AlDigi Holdings Pte Ltd. (the "AlDigi Group") to offer new digital asset solutions and advisory services for clients.Through its network...
2021-11-15 1:53 PM EST
Raffles Financial Provides MCTO Update
Singapore, Singapore--(Newsfile Corp. - November 12, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF), a global diversified company that is headquartered in Singapore and registered with the Monetary Authority of Singapore as an exempt corporate finance adviser, serving as advisor for family trusts, family offices and investment funds, is providing an update with respect to the previously announced management cease trade order (the "MCTO") issued by the British...
2021-11-12 7:24 PM EST
Raffles Financial Signs Collaboration Agreement with PrimaryMarkets
Singapore, Singapore--(Newsfile Corp. - November 3, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") is pleased to announce a collaboration agreement with PrimaryMarkets Limited as at today's date (the "Collaboration"). PrimaryMarkets Limited is an independent Global Trading Platform, using first-class technology to provide end to end solution for trading existing securities, liquidity and enabling the trading of securities and shares in...
2021-11-03 2:46 PM EDT
Raffles Financial Announces Filing of Application for Management Cease Trade Order
Singapore, Singapore--(Newsfile Corp. - November 1, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) announces today that it will miss its filing deadline of October 28, 2021, to file its audited annual financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the year ended June 30, 2021 (collectively, the "Annual Filings"), as required under applicable Canadian securities laws. In connection with the...
2021-11-01 12:13 PM EDT
Raffles Financial Announces Death of Independent Board Director
Singapore, Singapore--(Newsfile Corp. - September 27, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) today announced with deep sadness that David Anthony Bruzzisi, an independent director of the Company, died unexpectedly on September 20, 2021. Mr. Bruzzisi served as a member of the Board of Directors since 2020.Charlie In, Chairman, of Raffles, commented, "We mourn the untimely passing of David Bruzzisi. David was an outstanding director, leader, and mentor, as...
2021-09-27 8:30 AM EDT
Raffles Financial Appoints Financial Veteran as Independent Director
Singapore, Singapore--(Newsfile Corp. - September 22, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) is pleased to announce the appointment of Canadian Mr. David Wong as independent director of RFG. David will also be a member of the Audit, Nomination and Remuneration Committees.David has over 20 years of experience in various facets of the financial services arena. He is currently the head of AMG private wealth and investment advisory with eleven successive...
2021-09-22 8:44 AM EDT
Raffles Financial to Acquire Alto Vencap
Singapore, Singapore--(Newsfile Corp. - September 17, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") has entered into a definitive share purchase agreement on September 15, 2021 (the "Share Purchase Agreement") to acquire all of the outstanding share capital of Alto Vencap Pte. Ltd. ("AV"), a Singapore-based company ("Transaction"). AV is a business advisory company primarily serving the needs of public listed companies in Singapore and...
2021-09-17 12:38 PM EDT
Raffles Financial Announces Upgrade to OTCQX Market
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) is pleased to announce that the Company's quotation on the from the Pink® market has been upgraded to the OTCQX® Best Market, and its common shares will begin trading today on the OTCQX® Best Market (the " OTCQX ") under the ticker symbol "RAFFF"."The trading of RAFFF on the OTCQX now provides global investors the ease and convenience to tap into...
2021-09-03 2:30 AM EDT
Raffles Financial Announces Dividend Declaration
Singapore, Singapore--(Newsfile Corp. - May 31, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("Raffles" or the "Company") is pleased to announce that the Company's Board of Directors has declared a special dividend in respect of the common shares in the capital stock of Raffles (the "Common Shares") to shareholders of record at the close of business on June 9, 2021 (the "Record Date").SPECIAL DIVIDENDConsistent with the Company's commitment to reward...
2021-05-31 7:30 AM EDT
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...
2020-11-05 2:48 PM EST
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...
2020-11-02 8:30 AM EST
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:...
2020-10-29 11:02 AM EDT
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...
2020-10-26 8:00 AM EDT
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...
2020-10-22 11:29 AM EDT
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...
2020-10-08 9:15 AM EDT