Futu Announces the Number of Its Clients in Malaysia Has Surpassed 100,000

Rhea-AI Summary

Futu Holdings , a tech-driven online brokerage and wealth management platform, announced that the number of its clients in Malaysia has exceeded 100,000. The company launched its brokerage business in Malaysia on February 26, 2024, and received the Capital Markets Services License on January 24, 2024.

Positive

• Futu Holdings has successfully expanded its client base in Malaysia, reaching over 100,000 clients.
• The company's entry into the Malaysian market was marked by the launch of its brokerage business on February 26, 2024.
• Futu Malaysia Sdn. Bhd., a subsidiary of Futu Holdings , offers capital markets products and services on moomoo in Malaysia.
• Futu Malaysia Sdn. Bhd. obtained the Capital Markets Services License (License No. eCMSL/A0397/2024) from the Securities Commission Malaysia on January 24, 2024.

Negative

• None.

HONG KONG, April 24, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced the number of its clients in Malaysia has surpassed 100,000 on April 15, 2024. Futu officially launched its brokerage business in Malaysia on February 26, 2024.

In Malaysia, capital markets products and services on moomoo are offered by Futu Malaysia Sdn. Bhd., a subsidiary of Futu Holdings Limited. On January 24, 2024, Futu Malaysia Sdn. Bhd. was granted the Capital Markets Services License (License No. eCMSL/A0397/2024) from the Securities Commission Malaysia.

About Futu Holdings Limited

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has 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. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

For investor inquiries, please contact:

Investor Relations
Futu Holdings Limited
ir@futuholdings.com

FAQ

How many clients has Futu Holdings surpassed in Malaysia?

Futu Holdings has surpassed 100,000 clients in Malaysia.

When did Futu Holdings launch its brokerage business in Malaysia?

Futu Holdings launched its brokerage business in Malaysia on February 26, 2024.

What license did Futu Malaysia Sdn. Bhd. receive from the Securities Commission Malaysia?

Futu Malaysia Sdn. Bhd. received the Capital Markets Services License (License No. eCMSL/A0397/2024) from the Securities Commission Malaysia on January 24, 2024.