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Solowin Acquires Stake in Singapore MPI-Licensed Firm to Accelerate Global Payment Network Expansion
Globenewswire· 2025-08-19 13:00
Core Insights - Solowin Holdings has entered into an equity purchase agreement to acquire 19% of GPL Remittance Pte. Ltd., enhancing its digital payment infrastructure [1][2] - The acquisition of GPL, which holds a Major Payment Institution license from the Monetary Authority of Singapore, is expected to strengthen Solowin's compliance and market competitiveness in the region [2] Company Overview - Solowin Holdings is a global financial services firm established in 2016, operating in both traditional finance and the Web3 industry [3] - The company offers a full-spectrum ecosystem that integrates traditional and decentralized finance, leveraging its licensed subsidiaries for digital asset capabilities [3] Strategic Importance - The MPI license held by GPL allows for comprehensive payment services, enabling Solowin to scale globally and integrate digital and fiat services [2] - This investment is seen as a strategic asset that will support Solowin's growth and collaboration with global partners in the cross-border payment and digital financial ecosystem [2]
X @Forbes
Forbes· 2025-08-19 12:30
A Former College Basketball Star Now Managing Over $4 Billion For Morgan Stanley https://t.co/NDu8a4ztbG https://t.co/NDu8a4ztbG ...
Everyday People Closes Shares for Debt Transaction
Newsfile· 2025-08-19 12:22
Core Viewpoint - Everyday People Financial Corp. has successfully closed a shares-for-debt transaction to settle approximately $1.4 million of outstanding debt, enhancing its balance sheet by reducing liabilities and preserving cash resources for operations and growth [1][3]. Debt Settlement Details - The company issued 2,223,651 common shares at a deemed price of $0.63 per share to settle the debt [1]. - Prior debt settlements with EAM included $2 million and $4 million, settled through the issuance of 2,439,024 shares at $0.82 per share and 3,636,364 shares at $1.10 per share, respectively [2]. - After the latest settlement, EAM and Gordon Reykdal will hold approximately 21% of the company's outstanding shares, an increase from 20% [4]. Related Party Transaction - The issuance of shares to EAM is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Voting Trust Agreement - A voting trust agreement was established on August 31, 2022, involving Gordon Reykdal, EAM, and Odyssey Trust Company, allowing the trustee to vote shares beneficially owned by Reykdal and his spouse [6]. Restricted Share Units - The Board of Directors approved the grant of 225,000 restricted share units (RSUs) to an officer, which will vest one year from the date of grant [7]. Company Overview - Everyday People Financial Corp. is a technology-driven financial services provider established in 1988, with over 650 employees operating in the UK and Canada [10]. - The company focuses on Revenue Cycle Management and Financial Services, offering digital tools and credit access programs without lending money [11]. - The mission is to provide affordable and responsible financial solutions to help individuals and businesses manage money better [12].
Should You Invest in the iShares U.S. Financial Services ETF (IYG)?
ZACKS· 2025-08-19 11:21
Core Insights - The iShares U.S. Financial Services ETF (IYG) offers broad exposure to the Financials sector, appealing to both institutional and retail investors due to its low cost and transparency [1][2] - The ETF is sponsored by Blackrock and has assets exceeding $1.87 billion, aiming to match the performance of the Dow Jones U.S. Financial Services Index [3] - The ETF has an annual operating expense ratio of 0.39% and a 12-month trailing dividend yield of 1.06% [4] Sector Exposure and Holdings - IYG provides nearly 100% allocation in the Financials sector, ensuring diversified exposure [5] - The top holdings include Berkshire Hathaway Inc Class B (13.21%), Jpmorgan Chase & Co, and Visa Inc Class A, with the top 10 holdings comprising approximately 60.74% of total assets [6] Performance Metrics - Year-to-date return for IYG is approximately 12.55%, with a 12-month return of about 28.02% as of August 19, 2025 [7] - The ETF has a beta of 1.11 and a standard deviation of 19.77% over the trailing three-year period, indicating a higher risk profile [7] Alternatives - IYG holds a Zacks ETF Rank of 2 (Buy), suggesting it is a strong option for investors seeking Financials exposure [8] - Other ETFs in the sector include Vanguard Financials ETF (VFH) with $12.64 billion in assets and Financial Select Sector SPDR ETF (XLF) with $52.46 billion, both having lower expense ratios of 0.09% and 0.08% respectively [9]
X @Decrypt
Decrypt· 2025-08-19 11:19
Blockchain Lender Figure Technologies Preps for IPO as Tokenization Space ‘Maturing’► https://t.co/EHrYcealaN https://t.co/EHrYcealaN ...
1至7月,证券交易印花税同比增长超六成
此外,进口货物增值税、消费税10300亿元,同比下降6.1%。关税1316亿元,同比下降6.5%。出口退税 14065亿元,同比增长9.7%。车辆购置税1183亿元,同比下降18.4%。印花税2559亿元,同比增长 20.7%。其中,证券交易印花税936亿元,同比增长62.5%。 一般公共预算支出数据显示,1至7月,全国一般公共预算支出160737亿元,同比增长3.4%。主要支出 科目中,教育支出24438亿元,同比增长5.7%。科学技术支出5330亿元,同比增长3.2%。社会保障和就 业支出27621亿元,同比增长9.8%。卫生健康支出12402亿元,同比增长5.3%。 8月19日,财政部公布的1至7月财政收支情况显示,今年前7个月,全国一般公共预算收入135839亿元, 同比增长0.1%。其中,证券交易印花税为936亿元,同比增长六成以上。 收入情况显示,1至7月,全国税收收入110933亿元,同比下降0.3%;非税收入24906亿元,同比增长 2%。分中央和地方看,中央一般公共预算收入58538亿元,同比下降2%;地方一般公共预算本级收入 77301亿元,同比增长1.8%。 主要税收收入项目中,国内增值 ...
南华金融发布中期业绩 股东应占亏损4680.6万港元 同比收窄2.05%
Zhi Tong Cai Jing· 2025-08-19 08:47
南华金融(00619)发布截至2025年6月30日止6个月中期业绩,集团收入1944.1万港元,同比增长9.87%;股 东应占亏损4680.6万港元,同比收窄2.05%;每股亏损15.54港仙。 ...
南华金融(00619)发布中期业绩 股东应占亏损4680.6万港元 同比收窄2.05%
智通财经网· 2025-08-19 08:44
智通财经APP讯,南华金融(00619)发布截至2025年6月30日止6个月中期业绩,集团收入1944.1万港元, 同比增长9.87%;股东应占亏损4680.6万港元,同比收窄2.05%;每股亏损15.54港仙。 ...
X @The Block
The Block· 2025-08-19 04:10
Investment Actions - Ark Invest purchased $14 million worth of Robinhood shares [1] - This follows a previous purchase of $9 million worth of Robinhood shares last Friday [1]
中信金融资产2025年上半年归母净利润预计同比增长12.5%至16.3%
Xin Hua Cai Jing· 2025-08-19 02:15
Group 1 - The core viewpoint of the announcement is that CITIC Financial Asset Management Co., Ltd. expects a net profit attributable to shareholders of approximately RMB 6 billion to 6.2 billion for the first half of 2025, representing a year-on-year growth of about 12.5% to 16.3%, and a growth of approximately 23.9% to 28.2% when excluding the impact of the leasing company's deconsolidation [2] - The company emphasizes its commitment to implementing central financial work directives, enhancing its main business capabilities, and actively serving national strategies while managing financial risks [2] - The company reported a significant increase in main business income, particularly in business revitalization and equity business, alongside improved asset returns and reduced financing costs year-on-year [2] Group 2 - The year 2025 is identified as a critical year for CITIC Financial Asset Management to achieve significant improvements in quality and efficiency, aiming to become an industry benchmark within five years [3] - The company plans to advance its "One Three Five" strategy and is determined to complete the third step of its "Two-Year Three-Step" plan [3]