On June 7, 2024, Futu Holdings Limited, a prominent tech-driven online brokerage and wealth management platform traded on Nasdaq under the symbol FUTU, announced a successful HKD440 million investment in Gravitation Fintech HK Limited. Gravitation Fintech HK Limited is the parent company of Airstar Bank, a licensed virtual bank based in Hong Kong. With this investment, Futu now holds an indirect 44.11% stake in Airstar Bank, making it the second largest beneficial owner.
Futu Holdings Limited is at the forefront of advanced technology, revolutionizing the investing experience by offering fully digitalized financial services. Utilizing its proprietary digital platforms, Futubull and moomoo, the company provides a comprehensive range of investment services, including trade execution and clearing, margin financing, securities lending, and wealth management. By integrating social media tools into its platforms, Futu creates a network that connects users, investors, companies, analysts, media, and key opinion leaders. In addition to its investment services, the company also offers corporate services such as IPO distribution, investor relations, and ESOP solution services.
For more information on Futu Holdings Limited and its investment activities, interested parties can contact the Investor Relations team at ir@futuholdings.com.
In summary, Futu Holdings Limited’s investment in Gravitation Fintech HK Limited showcases their commitment to innovation and growth in the financial technology sector. With a focus on digitalization and user-centric services, Futu continues to make strides in reshaping the way people invest and manage their wealth.
