Just a week after obtaining a Type 1 (Dealing in Securities) license from the Hong Kong Securities and Futures Commission, Far East focused brokerage outfit Doo Group has announced that Doo Capital Market SG Pte. Ltd. (“DCM”), an entity under the company’s Doo Financial division, has officially been granted with a Capital Markets Services (CMS) license (License Number: CMS101428) from the Monetary Authority of Singapore (MAS).
Doo Financial is one of the sub-brands of Doo Group. The company said that the acquisition of this license marks a further expansion of Doo Group into the Singapore market, allowing DCM to conduct activities regulated under the Securities and Futures Act 2001 such as dealing in capital markets products, product financing and providing custodial services. DCM is also licensed under the Financial Advisers Act 2001 to provide financial advisory service such as advising on investment products and issuing or promulgating analyses/reports on investment products.
Doo Capital Market SG Pte. Ltd. is licensed to provide the following services:
- Dealing in Capital Markets Products
- Product Financing
- Providing Custodial Services
- Advising on Investment Products
- Issuing or Promulgating Analyses/Reports on Investment Products
Please note that capital market products and investment products are limited exclusively to securities and exchange-traded derivatives contracts.
Doo Group operates licensed subsidiaries in several locales including the USA, UK, Australia, and Hong Kong, as well as offshore entities in Labuan, Seychelles, Mauritius, and Vanuatu. The company also apparently has plans to expand Doo Group in the EU as well, making a number of senior hires recently for its Cyprus office, as previously reported here at FNG.
Doo Group is controlled by Chinese national Junjie Chen.
