Hong Kong-based investment banking firm and asset manager AMTD said it would continue investing in digital innovations in Singapore and ASEAN.
«We are committed to investing into Singapore as our digital platform’s global headquarters, expand to the rest of ASEAN and lead the digital innovations in the region,» AMTD said in a statement on Tuesday.
The company led a consortium vying for a digital bank license in Singapore, which was ultimately awarded to Sea, Grab-Singtel, Ant Group, and a consortium comprising Greenland Financial Holdings, Linklogis Hong Kong, and Beijing Co-operative Equity Investment Fund Management.
AMTD said it would grow its Solidarity Fund from an initial capital of S$50 million to S$80 million and extend the application deadline from 31 December 2020 to 31 December 2021.
Regional Ambitions
The company is also expected to open its group regional headquarters in Singapore, as well as AMTD Digital's global headquarters, led by chief information and operating officer Osman Faiz, in the next 8 to 12 weeks.
«Our mission to build SingaWorld is crystal clear: to work closely with the Singapore community to create and deliver partnership and ecosystem solutions to enable SMEs, empower entrepreneurs to grow and succeed in this region,» Calvin Choi, AMTD Group chairman, said in the statement.
