PropNex, Tiger Brokers (Singapore) and financial advisory firm SingCapital have announced a partnership that will see the real estate agency collaborating exclusively with the trading platform.
“This collaboration allows a larger group of salespersons, staff PropNex clients and the retail investors to be part of the growth as the company enters into its fourth year of being listed in the mainboard Singapore Exchange,” says PropNex CEO Ismail Gafoor.
The collaboration will be formally launched at the virtual PropNex Midyear Convention 2021 today.
“Our objective is to encourage greater financial literacy and prudence amongst our salespersons, partners and clients alongside SingCapital and Tiger Brokers. Our vision is to become a more inclusive ecosystem in involving our stakeholders in the growth of our business and towards financial independence,” Gafoor adds.
As part of the partnership, Tiger Brokers will contribute up to $240 worth of PropNex stock vouchers to the PropNex “community” - which includes its salesforce, staff, clients and retail investors - who are onboarded with its trading platform Tiger Trade.
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A series of webinars will also be organized together with SingCapital. “SingCapital is looking forward to have the opportunity to empower the community with the necessary investment knowledge to make the right investment planning that will work for them,” says Alfred Chia, CEO of SingCapital.
For Tiger Brokers, the partnership announcement follows the recent launch of its business-to-business (B2B) segment which caters to financial institutions.
“We believe that partnerships like this will help our partners’ community to make informed financial decisions. We are confident that with our technologically advanced system, puts us in a good position to partner with financial institutions to enable them to better manage relationships and investments with their clients,” Henry Toh, CFO of Tiger Brokers says in a statement released by the company on August 26.
Separately, PropNex will be donating $500,000 to the Community Chest, where vice chairman Chew Sutat and managing director Charmaine Leung will be accepting the donation in the presence of Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry.
PropNex has committed to contribute $5 million by 2023 to empower children with special needs, with $4.05 million already donated to date.
As at 12.55pm , shares in PropNex are up 6 cents or 3.26% higher at $1.90.
Photo: Samuel Isaac Chua / The Edge Singapore
