General Announcement::CWT subsidiary granted Capital Market Service License by the Monetary Authority of Singapore

Issuer & Securities

Issuer/ Manager
CWT LIMITED
Securities
CWT LIMITED - SG1C20001063 - C14

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-May-2014 17:06:45
Status
New
Announcement Sub Title
CWT subsidiary granted Capital Market Service License by the Monetary Authority of Singapore
Announcement Reference
SG140508OTHRJBLL
Submitted By (Co./ Ind. Name)
Lye Siew Hong - Lynda Goh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
CWT Limited ( CWT ) is pleased to announce that its financial services subsidiary Straits Financial Services Pte Ltd ( SFSPL ) has been granted a Capital Market Service License (License No. CMS100407-1) by the Monetary Authority of Singapore ( MAS ). SFSPL is now licensed to conduct regulated activity of trading in futures contract.

We are elated to receive regulatory clearance ahead of industry expectations, said Jeremy Ang, Straits Financial CEO. The license allows the company to expand beyond our stronghold on OTC brokerage to offer a complete suite of commodity derivatives. More importantly, it represents the hallmark of a credible brokerage firm, backed by a successful team of professionals.

With the Capital Market Service License, SFSPL will be providing worldwide commodity futures, options and centrally-cleared OTC contracts. Together with CWT s capability in logistics management and global warehousing facilities, SFSPL is strategically positioned to provide an integrated one-stop service and deliver a seamless customer experience on both physical and hedging needs.

By Order of the Board

Lye Siew Hong Lynda Goh
Company Secretary
CWT Limited
8 May 2014

Attachments

SF_granted_CMSL.pdf
Total size =100K