Doo Financial Obtains Securities and Money Broking Licenses Granted By The Malaysia Labuan Financial Services Authority
Doo Group's subsidiary company, Doo Financial Labuan Limited marks another milestone in its journey with the obtainment of Securities (License No.: SL/23/0022) and Money Broking (License No.: MB/23/0108) licenses granted by the Malaysia Labuan Financial Services Authority (MY Labuan FSA). Doo Financial Labuan Limited is a securities company located in an island of Labuan, Malaysia.
A Momentous Milestone In Doo Group's Global Development
Lying in the heart of the Asia Pacific region, Labuan is an island located in Malaysia. Its Labuan International Business and Financial Centre, famously known as Asia's premier international financial hub, is managed by the MY Labuan FSA. In accordance with international standards, MY Labuan FSA possesses a strong legal system based on English common law, offering global companies and investors the benefits of being in a well-regulated and supervised jurisdiction.
As a global financial services group adhering to the core values of professionalism, integrity and accountability, Doo Group always ensures that the rights of its clients are well-protected. Therefore, Doo Financial Labuan Limited has decided to venture into the Labuan market that is supported by a robust regulatory framework. In addition to the extensive trade links between Malaysia with other ASEAN countries, Labuan has become a good choice for Doo Group to expand its global footprint.
A Broader Range of Investment Opportunities For Global Clients
Upon obtaining the Securities and Money Broking Licenses, Doo Financial Labuan Limited is authorized to provide the following services to the client:
1. Investment advisory;
2. Dealing in securities which includes but not limited to the sale/purchase of securities, underwriting of securities, quoting prices, etc.;
3. Act as a mediator by bringing together and matching clients with their counterparties in money or foreign exchange markets.
This strategic step, once again, has demonstrated Doo Group's strength in seizing opportunities within the global financial market. It is a great stride of the group in building a healthy and cohesive financial ecosystem. In the future, Doo Group will be discovering more possibilities of FinTech during its journey of exploration, keeping its clients at the forefront in the industry.