Hong Kong License Enables Doo Money Lender to Operate Alongside CFD Subsidiary

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Doo Money Lender Limited, a subsidiary of Doo Group’spayment and exchange brand Doo Payment, has obtained a Money Lenders Licensefrom the Licensing Court of Hong Kong Companies Registry. The license formallypermits the company to operate money lending services in Hong Kong under localregulations.Earlier, Doo Financial HK Limited, another Doo Groupsubsidiary,obtained a Type 1 Dealing in Securities license from the Hong Kong Securitiesand Futures Commission. The license allows the company to providesecurities trading services, including dealing, distribution, underwriting, andplacement activities, to clients in the region.Doo Money Lender Launches Licensed Loan ServicesThe company, incorporated under the Companies Ordinance, hasestablished a professional team to provide loans to individuals and corporateclients. The license allows it to offer products including unsecured personalloans, property mortgages, and corporate financing. The company said, “Our adherence to Hong Kong’s rigorousMoney Lenders Ordinance guarantees the legality and transparency of everycredit service we provide.”Group Operates Across Multiple Global SectorsDoo Group, founded in 2014 and headquartered in Singapore,operates across ten business lines, including Brokerage, Wealth Management,Property, Payment & Exchange, FinTech, Financial Education, Healthcare,Consulting, Cloud, and Digital Marketing. Its entities are regulated bymultiple global authorities and operate in cities including Dallas, London,Singapore, Hong Kong, Sydney, Cyprus, Dubai, Kuala Lumpur, Thailand, SouthAfrica, and Egypt.Licensed Business Supports Group’s Financial ServicesThrough Doo Money Lender, the company said clientscan access regulated credit solutions with enhanced fund security and privacyprotection. The new licensed business is expected to complement Doo Group’sexisting brokerage, wealth management, and payment services, providingintegrated support for investment, capital turnover, and asset management.Doo Group Adjusts Regional OperationsBeyond its Hong Kong developments, Doo Group is makingoperational changes in other regions. Its brokerage arm, DPrime, appears to be vacating its Limassol office following staff layoffs,including the recent dismissal of its Cyprus-based marketing team. The companysaid it is “realigning its operational structure to enhance efficiency andconcentrate resources within key strategic regions.” Separately, DooGroup confirmed that its Malaysian office was recently inspected by localauthorities as part of a nationwide campaign, and stated that its operationsremain fully compliant.This article was written by Tareq Sikder at www.financemagnates.com.