Raffles Financial Group Shareholders Update, June 24, 2025
Singapore, Singapore--(Newsfile Corp. - June 24, 2025) - Raffles Financial Group Limited (CSE: RICH) ("Raffles", "RFG", the "Company" and together with its subsidiaries collectively as the "Group") This is to give shareholders an update on the development of the Company.Further to our news release dated May 29, 2025, we are pleased to announce that our Auditor HML PLT has completed the financial audits and issued the audit reports for all the outstanding financial years ended June 30, 2021 to 2024...
2025-06-24 7:20 PM EDT
Raffles Financial Group Shareholders Update - 15 December 2023
Singapore, Singapore--(Newsfile Corp. - December 15, 2023) - Raffles Financial Group Limited (CSE: RICH) ("RFG'' or the "Company") This is to give shareholders an update on the status of the Company. 1. Update on the proposed Assignment of Solution As A Service ("SaaS") AgreementBackgroundIn light of the foreign exchange control in China which prohibits refund of the C$20 million deposit being held by HuDuoBao Network Technology Co., Ltd. ("HDB") under the SaaS Agreement in China to the Company's overseas account,...
2023-12-15 4:37 PM EST
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - July 6, 2023) - Raffles Financial Group Limited (CSE: RICH) ("RFG'' or the "Company") This is to give shareholders an update on the corporate and business status of the Company. 1. Resumption of tradingFurther to our News Release on 7 June 2023, we are now communicating with the shortlisted auditors on the assignment agreement which we had secured with a financial institution ("FI") based in China. To Recap, according to the assignment arrangement agreed with the...
2023-07-06 2:48 PM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - February 16, 2023) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) ("RFG" or the "Company") This is to give shareholders an update on the corporate and audit status of the Company. Update on the cease trading order (CTO)The Company is still under the CTO, which could only be lifted as and when the Company finishes the audit for FY2021 and release the subsequent unreleased financial results. To get it removed, the management is still actively...
2023-02-16 4:31 PM EST
Raffles Financial Corporate Update
Singapore, Singapore--(Newsfile Corp. - December 27, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("RFG" or the "Company") This is to give shareholders a corporate update of the Company and its only operating subsidiary, Raffle Financial Pte Ltd ("RFP").Disclosure of Financial Information for FY2022 of the Major Operating SubsidiaryThe audit on the only operating subsidiary of RFG, Raffles Financial Private Limited ("RFP"), which is performed by an auditor in Singapore, is completed and its audit report...
2022-12-27 2:23 PM EST
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - November 8, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("RFG" or the "Company") This is to give shareholders a corporate update of the Company and its only operating subsidiary, Raffle Financial Pte Ltd ("RFP"). Termination of share purchase agreements with Mr. Bai Wenyin and Mr. Liu Dianke as announced on 21 December 2021As announced on 21 December 2021, the Company had entered into share purchase agreements with Mr. Bai Wenyin and...
2022-11-08 12:19 PM EST
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - October 19, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("RFG" or the "Company"). This is to give shareholders an update on the corporate and audit status of the Company. Proposed ReorganizationAs announced earlier, in light of the current cease trade order caused by the outstanding audit matter, our legal team have commenced informal discussions with securities regulators for a review on a possible reorganization to aid the Company's shares to resume...
2022-10-19 11:47 AM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - September 9, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") This is to give shareholders an update on the corporate and audit status of the Company. In light of the current cease trade order caused by the outstanding audit matter, we are exploring other options like corporate restructuring exercise and considering potential mergers or acquisition offers to work around the dilemma for the sake of regaining corporate and...
2022-09-09 8:04 PM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - July 28, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") This is to give shareholders an update on the audit status of the Company. China is still facing COVID-19 restriction measures in light of the surging Omicron variant cases. China's authorities are still maintaining mass locking down several major cities and COVID-adjusted requirements on Chinese VISA application on foreigners to curb the recent outbreak. The zero Covid-19 policy...
2022-07-28 11:36 PM EDT
AIV50 Announces Investments from Raffles Financial (RFG)
Singapore, Singapore--(Newsfile Corp. - July 25, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) -- AIV50 has announced its funding plans with Raffles Financial Pte Ltd ("RFG") who will advise and lead the capital raising strategies with its network of family offices, sovereign funds and private equity firms. RFG first investment in one of AIV50's AI venture companies, called TAFGAI (The Accounting and Finance Group in AI) as its strategic initiative into the AI space.The potential...
2022-07-25 12:13 PM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - April 25, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") This is to give shareholders an update on the audit status and business development of the Company. China is still facing tightened COVID-19 restriction measures in light of the surging Omicron variant cases. China's authorities are still accelerating efforts in mass locking down several major cities to curb the recent outbreak. The zero Covid-19 policy ramping up by...
2022-04-25 7:38 PM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - April 11, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") The Company wishes to give its shareholders an update on the audit status and business development of the Company.China and Hong Kong are still facing tightened COVID-19 restriction measures in light of the surging Omicron variant cases. China's authorities are accelerating efforts in mass locking down several major cities to curb the recent outbreak. We believe that the...
2022-04-11 8:30 AM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - April 4, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") We wish to give our shareholders an update on the latest development in performance of the Joint Venture Agreement ("JVA") between the Company and Stamatis Capital Pte Ltd ("SC") on 2nd February 2022. Pursuant to the JVA, both Parties incorporated a joint venture company in Singapore named "Raffles Financial Americas Pte Ltd" in which the Company and SC...
2022-04-04 3:53 PM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - April 1, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") wish to give its shareholders an update on the latest development in performance of the Share Purchase Agreement between the Company and Raffles Financial Advisory Pte Ltd ("RFA"), which was announced on CSE on 17th September 2021. Pursuant to the Share Purchase Agreement, Company acquired all the outstanding share capital of RFA in a purchase consideration of SGD2.00 and...
2022-04-01 1:47 PM EDT
Raffles Financial Shareholders Update
Singapore, Singapore--(Newsfile Corp. - March 28, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") In view of the escalation in COVID-19 infections, China and Hong Kong has imposed strict measures to restrict travels and adopt safe distancing. In compliance with health protocols, there are travel restrictions and in-person visits are disallowed and discouraged until the situation improves. This has a direct impact on the effectiveness of our service to fulfill the public...
2022-03-28 10:22 AM EDT
500-Year-Old Investment Firm, Joseph Sassoon Group, JV with Raffles Financial to Expand Corporate Finance Business in the Americas & Europe
Singapore, Singapore--(Newsfile Corp. - March 4, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") is pleased to announce that, through its subsidiary Raffles Financial Americas Pte. Ltd. ("RFA"), it has entered into a joint venture agreement (the "Joint Venture Agreement") with The Joseph Sassoon Group ("JSG"), one of the world's oldest privately owned investment management firms, to form Sassoon Raffles Financial ("SRF") to serve clients in the Americas and Europe with corporate...
2022-03-04 11:02 AM EST
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 will complement and work with the Company's representatives...
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 corporate finance advisory services can serve accredited...
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 release dated 21 December...
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 Finalizing Year-End Financial StatementsAs disclosed in...
2021-12-20 7:22 PM EST