AGBA Group Announces Development of New Distribution Channels to Serve Hong Kong's Financial Services Market
August 01 2023 - 8:00AM
NASDAQ-listed, AGBA Group Holding Limited (“AGBA”), the leading
one-stop financial supermarket in Hong Kong, is widening its
distribution footprint by adding new internal channels and
partnering up with external channels. These new partnerships and
channels will allow the Group to tap into new revenue pools. While
its market-leading broker “FOCUS” has been successful, the Group
sees opportunities to fulfill the needs of existing customers and
reach new customers through new channels.
Through OnePlatform, FOCUS and our fintech
business, the Group combines visionary fintech with an impressive
range of sophisticated and easy-to-use financial solutions from
respected institutions. It’s remarkable online and offline
financial platform and advisory services make it easy for partner
companies, financial professionals, and individuals to invest and
manage wealth.
AGBA's distribution business comprises a diverse
range of captive financial services distribution channels. The
Group is developing new distribution channels alongside these,
based on years of experience gained from building FOCUS. AGBA is
continually adapting these channels to meet the specific needs of
certain customer segments or sales methodologies.
Additionally, the Group has successfully
developed a dedicated high-net-worth individual sales team named
“PERFORM” - offering customized financial planning services to
high-end customers within the Greater Bay Area, with the potential
to leverage Singapore's wealthy customer database to expand its
reach. The “PERFORM” team's expertise in providing tailored
financial advice to HNWIs and UHNWIs aligns well with the
technology and expertise of Sony Life Financial Advisers, the
acquisition enables AGBA to offer more innovative products and
services to this customer segment. The Group also plans to launch a
direct-to-consumer digital distribution channel named "AGBA
Money".
Mr. Wing-Fai Ng, Group President, AGBA
Group Holding Limited said: “We are thrilled with the continued
success of our distribution business and the innovative evolution
of our product offering. We help our customers find solutions to
their most important wealth and health challenges. We help them
understand their problems, and together with them, we find the best
solution. Making health and wealth easily accessible to everyone is
what drives our daily operations.”
The latest press release is available on the
company's website, please visit www.agba.com/ir
# # #
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may," "will," "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the outcome of any
legal proceedings that may be instituted against us following the
consummation of the business combination; expectations regarding
our strategies and future financial performance, including its
future business plans or objectives, prospective performance and
opportunities and competitors, revenues, products, pricing,
operating expenses, market trends, liquidity, cash flows and uses
of cash, capital expenditures, and our ability to invest in growth
initiatives and pursue acquisition opportunities; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in Hong Kong and the international markets the Company
plans to serve and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the SEC, the length and severity of the recent coronavirus
outbreak, including its impacts across our business and operations.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company's
filings with the SEC, which are available for review at
www.sec.gov. The Company undertakes no obligation to publicly
revise these forward–looking statements to reflect events or
circumstances that arise after the date hereof.
About AGBA Group:
Established in 1993, AGBA Group Holding Limited
(NASDAQ: “AGBA”) is a leading one-stop financial supermarket based
in Hong Kong offering the broadest set of financial services and
healthcare products in the Guangdong-Hong Kong-Macao Greater Bay
Area (GBA) through a tech-led ecosystem, enabling clients to unlock
the choices that best suit their needs. Trusted by over 400,000
individual and corporate customers, the Group is organized into
four market-leading businesses: Platform Business, Distribution
Business, Healthcare Business, and Fintech Business.
For more information about AGBA, please visit
www.agba.com
Media and Investor Relations Contact:
Media:Kate Siumedia@agba.com+852 3601 3699 |
Investor Relations:Bethany Laiir@agba.com+852 5529 4500 |
Social Media Channels:
agbagroupLinkedIn | Twitter | Instagram | Facebook | YouTube
|
Triller (NASDAQ:ILLR)
Historical Stock Chart
From Dec 2024 to Jan 2025
Triller (NASDAQ:ILLR)
Historical Stock Chart
From Jan 2024 to Jan 2025