Financial Services Facilitate Global Expansion at Full Throttle
HONG KONG — Tai United Holdings Limited (“Tai United” or the “Group”) (HKSE: 0718), a comprehensive financial business group, principally in areas including Distressed Debt Assets Management in Mainland China, Real Estate Investment, Commodities Trading and Securities Investment and Asset Management, announced that on 2 June 2017, its indirect wholly-owned Singapore-based subsidiary Tai United Asset Management Pte. Ltd. (“Tai United Asset Management”) has been approved by the Monetary Authority of Singapore (“MAS”) as a Registered Fund Management Company (“RFMC”) under the Securities and Futures (Licensing and Conduct of Business) Regulations to officially carry on fund management business in Singapore. In the future, Tai United will actively integrate resources and speed up its development of overseas financial services and investment management businesses to internationalize Group’s financial business.
Since it began business in Singapore in 2016, Tai United Asset Management has been mainly conducting trading, of securities and derivatives, including futures (induces, foreign exchange, bonds and major commodity futures) and options using macro and hedging strategies, in developed capital markets, aiming for excess returns. After the approval, Tai United will expand the scope of its business as well as its footprint in the capital market, and provide offshore asset management solutions to institutional investors and high-net-worth individuals (“HNWIs”).
Dr. Meng Zhaoyi, Chief Executive Officer of Tai United, said, “Leveraging Singapore’s advantages as a financial centre in the Asia Pacific region, the Company attracts investments from HNWIs and builds solid relationships in the country’s financial market. In the future, the status of RFMC will strengthen Group’s Financial Services Segment by creating synergies with existing securities investment, asset management and insurance brokerage businesses, which further improves the Company’s overseas development.”