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Be the first with the news that moves the market- Advisory firm Raffles Financial Group (RICH) has formed a partnership with Japan-based Pacific Bays Capital
- Through the partnership, venture capitalist firm Pacific Bays will collaborate with Raffles to service Japanese investment groups hoping to expand south into the Indo-Pacific region
- Services could include securing strategic resources, contract manufacturers, and parts or services suppliers from regions such as Cambodia, Laos, Myanmar, Vietnam and Indonesia
- As Raffles currently operates across Australia, Canada, China, Europe, Hong Kong and Singapore, the company believes it has the resources to aid in Pacific Bay’s expansion services
- Raffles Financial (RICH) is up 7.69 per cent and is trading at C$7.00 per share
Advisory firm Raffles Financial Group (RICH) has formed a partnership with Japan-based Pacific Bays Capital.
Through the partnership, venture capitalist firm Pacific Bays will collaborate with Raffles to service Japanese investment groups hoping to expand south into the Indo-Pacific region.
Services could include securing strategic resources, contract manufacturers, and parts/services suppliers from regions such as Cambodia, Laos, Myanmar, Vietnam and Indonesia.
As Raffles currently operates across Australia, Canada, China, Europe, Hong Kong and Singapore, the company believes it has the resources to aid in Pacific Bay’s expansion services.
Dr. Charlie In, Chairman of Raffles Financial, commented the company’s strengths in its new deal with Pacific Bays Capital.
“Raffles Financial, based in Singapore, is equipped to help advanced-stage Japanese firms to get listed on either Singapore or Hong Kong Stock Exchange and to raise the required money for their moving-south expansion.
“ASEAN investors appreciate the rapid growth opportunities in Indo-Pacific and the Japanese contribution in branding, technologies and global customer base,” he said.
Meanwhile, Maxwell Weiss, General Partner of PacCap said there was a lot of synergy with what PacCap is envisioning for Japanese firms and the path for expansion into South-East Asia via Raffles.
“We are excited about Raffles’ wide array of services to help these advanced-stage companies raise capital, and where appropriate, plan exit strategies in new markets to bring foreign capital back to Japan,” he added.
The news follows a similar deal between Raffles Financial and the Bank of Montreal, earlier this year.
Raffles Financial (RICH) is up 7.69 per cent and is trading at C$7.00 per share at 12:03pm EDT.
