UP Fintech Holding Limited Reports Approval for Capital Markets Licence in Singapore
July 23 2019 - 7:30AM
UP Fintech Holding Limited (“
UP Fintech” or the
“
Company”) (NASDAQ: TIGR), a leading online
brokerage firm focusing on global Chinese investors, today
announced that its wholly-owned subsidiary, Tiger Brokers
(Singapore) Pte. Ltd. (“
Tiger Brokers Singapore”),
received approval for a capital markets services licence from the
Monetary Authority of Singapore (“
MAS”) on July
19, 2019. The licence is for the regulated activities of dealing in
capital markets products, product financing and providing custodial
services in Singapore.
The licence will help the Company expand its
global capabilities to keep up with increasing demand for capital
markets services and will allow Tiger Brokers Singapore to commence
providing securities and derivatives trading services to
Singaporean residents.
Tianhua Wu, the Company’s Chief Executive
Officer and Director, commented, “We are excited about our foray
into the financial industry in Singapore and look forward to giving
institutional clients and Singaporean residents the opportunity to
invest locally and globally through our innovative trading
platform. Singapore continues to play a critical role in global
capital markets and we look forward to contributing to Singapore’s
continued growth.”
About UP Fintech Holding Limited
UP Fintech Holding Limited is a leading online
brokerage firm focusing on global Chinese investors. The Company’s
proprietary mobile and online trading platform enables investors to
trade in equities and other financial instruments on multiple
exchanges around the world. The Company offers innovative products
and services as well as a superior user experience to customers
through its “mobile first” strategy, which enables it to better
serve and retain current customers as well as attract new ones. The
Company offers customers comprehensive brokerage and value-added
services, including trade order placement and execution, margin
financing, account management, investor education, community
discussion and customer support. The Company’s proprietary
infrastructure and advanced technology are able to support trades
across multiple currencies, multiple markets, multiple products,
multiple execution venues and multiple clearinghouses. For more
information on the Company, please visit:
https://ir.itiger.com.
Safe Harbor Statement
This announcement contains forward−looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. 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 statements, the business outlook and quotations from
management in this announcement, as well as the Company’s strategic
and operational plans, contain forward−looking statements. The
Company may also make written or oral forward−looking statements in
its periodic reports to the U.S. Securities and Exchange Commission
(“SEC”) on Forms 20−F and 6−K, 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 the Company’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: the Company’s growth strategies; trends and competition
in global financial market; and governmental policies relating to
the Company’s industry and general economic conditions in China and
other countries. Further information regarding these and other
risks is included in the Company’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 the Company undertakes
no obligation to update any forward-looking statement, except as
required under applicable law. Further information regarding these
and other risks is included in the Company’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 the
Company does not undertake any obligation to update any
forward−looking statement, except as required under applicable
law.
For investor and media inquiries please contact:
Investor Relations ContactUP
Fintech Holding LimitedEmail: ir@itiger.com Tel: +1 (646)
308-1535
Jack WangICR,
Inc.Email: tiger.ir@icrinc.com Tel: +1 (646) 308-1535
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