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Moomoo Inc. clinches Title Sponsorship for Yahoo Finance’s Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

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Singapore, Apr 29, 2021 – (ACN Newswire) – Moomoo Inc, an all-in-one digitalised stock trading and wealth management platform and a wholly owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has been selected as the title sponsor of the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.

Berkshire Hathaway’s Annual Shareholders Meeting, known as the “Woodstock for Capitalists”, is one of the most well attended shareholder meetings in the world. In the new normal, the event will be broadcast remotely. Yahoo Finance will connect moomoo’s 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett.

Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice Chairman Charlie Munger, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain share their insights on economic recovery, today’s markets, the company, and more.

Mr. Leaf Hua Li, Founder & CEO of FUTU, said: “We are honoured to be selected as the Title Sponsor for Yahoo Finance’s live stream of Berkshire Hathaway’s Shareholder Meeting. The walls of access are tumbling down in this digital world and it is our privilege to provide our users with this opportunity.

There is always so much to learn from Berkshire Hathaway and Warren Buffett, one of the greatest investors of our times. We look forward to seeing a lively discussion on our moo community platform, with industry experts commenting and interpreting these nuggets of wisdom for our users.”

Created with the intention of fulfilling its mission in making investing “not alone”, the moo community serves as a platform for users to post investment ideas and trading history as well as interact directly with over 700 companies, fund managers, media and key opinion leaders through posts and live-streaming. On a daily basis, it has more than 1 million active users, over 310,000 user-generated content and over 3,000 posts. FUTU will be streaming the show live on its moomoo app, which is available in the Apple App Store or Google Play Store.

As an incentive to download the app for first time users, Futu Singapore is offering the following with a SGD 2,700 deposit for every account opening*:

– 1 Free Apple (AAPL) Share
– Cash coupon of SGD 30
– 90 days unlimited commission-free trading for US, HK & SG markets
– Free level 2 market data for US Stocks

The schedule of the live coverage is below, with special guests and interviews for the pre and post shows to be announced at a later date.

Yahoo Finance Livestream Programming Schedule:

· 12:30pm ET Yahoo Finance pre-show

· 1:30pm ET Shareholder Q&A with Warren Buffett, Charlie Munger, Ajit Jain, and Greg Abel

· 5:00pm ET Berkshire Hathaway business meeting

· 5:30pm ET Yahoo Finance post-show

· 6:00pm ET Livestream ends

The programme will also be broadcasted live on Yahoo Finance.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L . This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. 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 organisation’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 enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. 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.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited. Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted.

For all media queries, please contact:

Ashley Tan / Jass Lim
FPR
T: 6438-2990
E: [email protected]


Topic: Press release summary

Source: Moomoo Inc.

Sectors: Daily Finance, Daily News, Funds & Equities, Venture Capital, ASEAN, Local Business

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ACN Newswire

Trintech Releases 2021 Global Financial Close Benchmark Report

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DALLAS, TX / ACCESSWIRE, May 11, 2021 – (ACN Newswire) – Trintech, a leading provider of financial software solutions, today announced the release of its 2021 Global Financial Close Benchmark Report. Trintech surveyed over 480 financial professionals across the globe in Q1 of 2021 to evaluate which parts of the financial close process have been automated, which are in the process of being automated and where finance and accounting (F&A) organizations are looking to adopt automation in the future.

2020 was a defining year for the CFO as they broke out of the compliance box and returned to their role as an essential strategic leader of the organization – one relied upon to shape critical business decisions when COVID-19 impacted businesses of all sizes. As companies transitioned to remote operations, organizations that relied heavily on manual processes found it difficult to continue to do their jobs at the same level – let alone deliver on the new expectations required of them to provide timely, critical business insights. What is certain is that these expectations are now essential for businesses moving forward, however, the ad hoc processes many organizations were forced to adopt in the short-term to meet those expectations are not sustainable long-term.

Now is the time for organizations to institutionalize technology to standardize and automate key financial processes to be able to continue to support these growing expectations.

Key findings from the survey include:

— The top 3 challenges the Office of Finance experienced within the financial close process in 2020 were all influenced or accelerated by the pandemic
— A lack of automation is identified as the largest contributing factor to an inefficient financial close
— Process standardization and automation are the key areas of improvement for 2021
— Completing quality work on time, while simultaneously balancing workforce issues (i.e. attracting talent and managing employee burnout) will be the biggest challenges for finance professionals over the next five years

“Our research found that 78% of companies at early stages of their digital transformation journeys faced enormous challenges – challenges their peers further along in their adoption of automation did not,” said David King, Chief Marketing Officer at Trintech.

“These organizations must institutionalize technology to automate their financial close to be more efficient, while increasing transparency and ensuring data integrity to be successful long-term. While COVID-19 may have identified these challenges, the benefits of solving them are now fundamental and there is no going back to maintaining inefficient manual processes.”

To dive into the results of this report further, Trintech and an advisor from a leading analyst firm will be hosting a joint webinar, How COVID-19 Accelerated the Path Towards Financial Close Automation, on Tuesday, May 11th (https://pr.report/KIMkJS4y), to give companies insight into topics such as:

— The biggest challenges organizations are currently facing in the financial close process
— The maturity of automation in the Office of Finance
— Key areas to improve in your financial close process over the next 12 months and where to start

Read the full Financial Close Benchmark Report at https://pr.report/ujSclCBA.

About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
+1-650-464-0080
[email protected]

SOURCE: Trintech, Inc.


Topic: Research / Industry Report

Source: Trintech, Inc.

Sectors: Exchanges & Software, Daily Finance, Legal & Compliance

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Yeahka’s Associated Company Fushi Technology to Acquire 60% of Shenzhen Zhizhanggui Cloud Service

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HONG KONG, May 10, 2021 – (ACN Newswire) – Yeahka Limited (HKG: 9923), a leading payment-based technology platform in China, announced that Shenzhen Zhizhanggui Cloud Service Co., Ltd. (“Zhizhanggui”) and Shenzhen Leshou Cloud Technology Co., Ltd. (“Leshou”), both indirect wholly-owned subsidiaries, have entered into a legally non-binding memorandum of understanding with Fushi Technology (Shenzhen) Co., Ltd. (“Fushi Technology”), an associated company in which Yeahka holds an approximate 47.58% equity interest through indirect subsidiaries, regarding the potential disposal of Leshou’s 60% equity interest in Zhizhanggui to Fushi Technology (the “Potential Disposal”).

Based on Zhizhanggui’s valuation of approximately RMB336.5 million, Leishun’s potential disposal equates to a consideration of approximately RMB201.9 million, of which gains before tax are expected to realize more than RMB200 million.

Fushi Technology is an important member of Yeahka’s ecosystem, expanding its merchant base and providing SaaS and other services to more than 420,000 merchants, with peak transactions over 8,380,000 as of March 31, 2021. Through the acquisition of Zhizhanggui, Fushi will obtain a cornerstone “hardware + software” standardized infrastructure and further accelerate its open-SaaS strategy by integrating established SaaS modules with offline merchants.

Not only will the historical investment in Zhizhanggui yield significant returns as the single largest shareholder, but Fushi Technology will be able to focus on asset-light, industry-agnostic SaaS solutions such as Yuehuiquan, an underlying blockchain technology-based solution that enables merchants to interact with private domain traffic.
Fushi Technology, in association with Yeahka, will continue to strengthen its SaaS portfolio, while Yeahka remains committed to establishing a commercial, digitalized ecosystem.

About YEAHKA LIMITED (9923.HK)
Yeahka Limited is a leading payment-based technology platform in China providing payment and technology-enabled business services to merchants and consumers. The Company was listed on The Stock Exchange of Hong Kong Limited in June 2020 under the stock code 09923.HK. The Company’s value proposition is to create a commercial digitalized ecosystem that enables seamless, convenient and reliable payment transactions between merchants and consumers and further offer a rich variety of technology-enabled business services, including (i) merchant SaaS products, which help customers improve their operational efficiency, (ii) precision marketing services, allowing customers to effectively reach their target markets, and (iii) fintech services, which cater to customers’ diverse financial needs. Visit Yeahka.com.


Topic: Press release summary

Source: YEAHKA LIMITED

Sectors: Cards & Payments, Cloud & Enterprise

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BitWell will Access PayPal to Facilitate Bitcoin Purchases

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SINGAPORE, May 10, 2021 – (ACN Newswire) – BitWell, a digital asset derivatives trading platform, announced that it will access global payment channels such as Visa, PayPal, and Master Card, providing users in over 65 countries and regions with access to 300 fiat currency payment channels and 20 digital currency payments, to facilitate global users in purchasing digital assets such as Bitcoin more easily and quickly.

This will significantly lower the barrier for users to participate in BitWell and purchase digital assets, promoting a more convenient experience for investors to access BitWell’s digital asset services.

To achieve these features, BitWell introduces Alchemy Pay. Alchemy Pay (ACH) is the world’s most adaptable crypto payment infrastructure, in which the payment system can support over 65 countries and regions, 300 fiat currencies and 20 digital currency channels, including global payment channels such as Visa/Master Card/PayPal, as well as locally popular channels such as Dana, OVO, MayBank, FPS, etc., in Indonesia, Vietnam, Europe and some other areas.

The BitWell platform token WELL will also go live on the Alchemy Pay (ACH) fiat and digital currency aggregation payment platform. Users will be able to use WELL payments at thousands of online and offline stores represented by global landmarks such as CeLaVi on the top floor of Singapore Sands Hotel, Pricerite Real Value in Hong Kong, Dubai Mall and other well-known merchants, with instant payment.

About BitWell

BitWell is an international digital asset derivatives trading platform that has launched a number of product lines, including options, perpetual contracts, spot trading, and savings, as well as an innovative industry-leading cross collateral model. BitWell is the first platform in the world to launch DeFi options, with the largest variety of options. It is also the platform with the fastest and most complete BSC spot trading and the highest return on flexible finance, providing users with one-stop digital asset trading and financial services. Visit https://www.bitwellex.com.

Media contact
BitWell Technology Limited
E-mail: [email protected]
Website: https://www.bitwellex.com


Topic: Press release summary

Source: BitWell Technologies Ltd

Sectors: FX & Digital Currencies


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Ngern Tid Lor (SET: TIDLOR) debuts shares on SET

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BANGKOK, May 10, 2021 – (ACN Newswire) – Ngern Tid Lor PCL (SET: TIDLOR) received a warm welcome from investors on the Stock Exchange of Thailand today closing 25% higher at THB 45.75 per share with a trading volume of more than THB 33 billion. TIDLOR became the largest IPO ever in the Thai Finance and Securities Sector, as well as one of the five largest IPOs ever in the history of the Thai equity market, with a total offering size of THB 38,089 million (including an overallotment option) and market capitalization at the IPO price of THB 84,643 million, demonstrating Ngern Tid Lor’s strong fundamentals as the leading vehicle title loan-provider and top-3 retail-focused insurance broker, ensuring the Company’ rapid growth.

Driven by technological innovation and an omni-channel distribution platform, Ngern Tid Lor is ready to take its success in listing on the SET to another level by expanding its network of branches and boosting efficiency. The company plans to continue to invest in improving technological and digital platforms in order to maintain its leadership status and create sustainable growth opportunities. Stabilization activities will be in place for a period of no more than 30 days following today’s trade to support the stability of the share price in the secondary market.

Mr Piyasak Ukritnukun, Managing Director of Ngern Tid Lor PCL, with TIDLOR shares marking their debut on the SET today (May 10), said. “This is a very important day for Ngern Tid Lor, and we are honoured to join the Stock Exchange of Thailand. Ngern Tid Lor is one of Thailand’s leading financial inclusion companies in the fragmented title loan and general insurance brokerage businesses. We are on a mission to help promote sustainable economic development by helping people gain access to fair, responsible, and transparent financial products and services. Our rapid growth has been driven by our strong corporate culture, unique omnichannel distribution platform, reputable brand, and innovative products and services.”

Ngern Tid Lor’s IPO was not only the largest Finance and Securities Sector IPO ever, and among the five largest IPOs in the history of the Thai market. The TIDLOR IPO also received an overwhelming interest from a broad range of investors, from leading Thai and global institutional investors to Thai general public retail investors, reflecting investors’ confidence in Ngern Tid Lor’s strong fundamentals and potential for sustainable growth in the future.

Ngern Tid Lor’s mission is to provide access to fair, transparent and responsible financial services for financial betterment by offering relevant products and services that are simple to understand, convenient and fast through committed employees. The unique business model, combining financial services expertise, purpose-built technology and data analytics capabilities to effectively offer the right products for target customers via omni-channel distribution with 1,076 branches in 74 provinces and a customer referral network comprised of 5,132 representatives across 638 Krungsri Bank branches, 491 second-hand truck sales representatives, and 519 phone sales representatives. Customer acquisition from physical channels is further supplemented by online channels ranging from the Ngern Tid Lor website, application and Facebook, and TIDLOR Connect to fulfil the existing gaps and provide further access to financial services for citizens in Thailand.

The company’s performance during 2018-2020 demonstrated a strong track record of consistent growth and profitability, generating THB 7,569.4 million, THB 9,457.9 million, and THB 10,558.9 million in revenues respectively and net profit of THB 1,306.2 million, THB 2,201.7 million, and THB 2,416.1 million respectively. Gross loans balance between 2018-2020 stood at THB 39,724.1 million, THB 47,979.4 million, and THB 51,331.2 million respectively, while the premiums of non-life insurance collected through end of year amounted to THB 1,917.7 million, THB 2,854.3 million, and THB 4,010.9 million respectively. Ngern Tid Lor has achieved outstanding risk management outcomes, delivering a rate of Non-Performing Loans to Total Loans of 1.7% along with a Coverage Ratio of 325.1% as of 31 December 2020.

Following its listing on the SET, Ngern Tid Lor is determined to maintain its leadership in the vehicle title loan business and to strive for the leading position in its insurance brokerage business in the future. To achieve such goals, the company will use the money from IPO to expand our lending and insurance brokerage business. Ngern Tid Lor plans to improve existing branches and expand additional 500 new branches by 2023 to provide wider coverage, invest and develop the IT system and digital transformation to strengthen business operations, and use a portion of the raised funds for working capital as well as capital restructuring in anticipation of steady and sustained growth in the future.

“Our fundraising through the IPO will enable Ngern Tid Lor to boost our potential for sustainable growth, strengthen our financial status, continue our investment in digital transformation and platform-building,” says Mr. Piyasak. “Following our listing on the SET, Ngern Tid Lor is determined to be one of the leading-quality listed companies under the principle of creating fair, transparent and responsible financial opportunities for every Thai individual, while continuing to deliver steady and sustainable growth for the utmost benefits of our shareholders and all stakeholders.”

This information is disseminated to investors who should study product features, conditions, and relevant risks before making investment decisions. This information shall not be considered as an offer for sale or recommendation for sale or reservation of securities. The securities that may be mentioned or referred to in this release have not been registered and will not be registered under the US Securities Act of 1933 (“the Securities Act”). The securities as mentioned in this document could not be offered for sale or sold in the USA, and will not be offered to the public in the USA.

Distributed by the Public Relations Department of MT Multimedia Co., Ltd. on behalf of Ngern Tid Lor PCL. Website: www.ngerntidlor.com/en/home.html.

For more information, please contact: Thiyaporn Sriadunphan (Dah), T: +66-87-556-6974, E: [email protected], MT Multimedia Co., Ltd.


Topic: Press release summary

Source: Ngern Tid Lor PCL

Sectors: Daily Finance

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From the Asia Corporate News Network

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