WRISE Group launches WRISE Capital to bolster Corporate Advisory Services
HONG KONG SAR - Media OutReach Neswire - 22 April 2025 - WRISE Group today announced the launch of WRISE Capital, a new core business unit that specialises in comprehensive corporate finance and advisory services for listed companies, private and institutional clients. This strategic expansion follows the acquisition of Elstone Capital, a licensed financial advisory firm in Hong Kong managing deals such as IPOs, takeovers, privatisations and listing transfers. WRISE Capital will operate from Hong Kong, serving clients globally.
Alongside WRISE Private and WRISE Prestige, WRISE Capital will serve as one of the three core business units in WRISE Group, solidifying the company's position as a comprehensive financial services provider for ultra-high and high-net-worth clients.
This move strategically allows WRISE Group to capitalise on the unprecedented growth in Asia's dealmaking landscape which saw strategic mergers and acquisitions (M&A) growth of 20% (US$666 billion) in Asia alone, overshadowing counterparts such as North America (2%) and Europe (9%).
'The acquisition of Elstone Capital and the formation of WRISE Capital represents a significant milestone in our Group's strategy to provide a comprehensive 360-degree wealth ecosystem for clients,' said Derrick Tan, Executive Chairman, WRISE Group.
'With a rich history of successful transactions and a deep understanding of global financial markets, Elstone Capital's expertise aligns perfectly with WRISE Group's commitment to providing clients with tailored strategies across key global financial hubs. As investors and businesses seek financial advice today's dynamic market, WRISE Capital will continue to extend strategic expertise and innovative solutions to our clients,' he adds.
Headed by newly appointed CEO, Nicholas Cheng, WRISE Capital will provide a full range of corporate finance and advisory services, including M&A and takeovers advisory, Initial Public Offering (IPO) sponsorship and preparation, post-listing and compliance advisory services for Hong Kong listed companies.
'We are excited to join WRISE Group by providing collective expertise for seamless delivery of world-class corporate finance and advisory services,' said Nicholas Cheng, CEO of WRISE Capital. 'Our team's extensive experience, honed through years of navigating complex mergers, acquisitions, IPOs and other financial transactions, will translate into significant value creation for WRISE's global clientele as they navigate evolving market landscapes to achieve long-term strategic success.'
WRISE Capital's management team will also include Alan Au-Yeung, Chief Strategic Officer and Fanny Lee, Chief Operating Officer. Both executives each have over 20 years of experience across corporate finance and compliance advisory services.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
3 hours ago
- New Straits Times
US-China renewed dialogue seen lifting Malaysia's trade outlook
KUALA LUMPUR: Renewed trade talks between the United States and China are expected to boost investor confidence and strengthen Malaysia's trade momentum, an economist said. Putra Business School economist Professor Dr Ahmed Razman Abdul Latiff said any move to reduce tariffs between the two economic giants could steady the sails for Malaysia by boosting confidence and trade visibility. "If the US and China agree to resume talks and reach a deal to reduce tariffs on each other, Malaysia's trade environment and investor sentiment will become less volatile and uncertain," he told Business Times. "This would boost investor confidence and encourage continued investment in Malaysia," Razman added, noting that while tensions persist, Malaysia is taking steps to shield its economy. Razman also expects Malaysia's export markets and supply chains to remain competitive, although growth may moderate slightly. This, he said, is supported by ongoing efforts to diversify export destinations, grow the country's trading partnerships and enhance intra-Asean trade. Should US-China negotiations break down again, he said the impact on Malaysia would likely remain limited. "There will be some negative impact but it will be minimum as majority of Malaysia's products such as semiconductor will not be subjected to higher tariffs by the US," he said. Trump and Xi held a 90-minute phone conversation on Thursday, marking their first direct dialogue since Trump resumed office. The call, widely viewed as a positive step towards easing the prolonged trade tensions between the world's two largest economies, laid the groundwork for renewed bilateral cooperation and the resumption of high-level trade negotiations. Both leaders agreed to restart trade talks, with senior US officials, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, expected to meet their Chinese counterparts. The timing and venue for these negotiations have yet to be finalised but are anticipated to be announced in the coming weeks. Although the call sparked market optimism, US stocks closed lower as a sharp decline in Tesla shares outweighed the positive momentum from progress in US-China tariff negotiations. Tesla shares plunged over 14 per cent in heavy trading as the escalating public feud between Trump and businessman Elon Musk rattled investors, wiping out about US$150 billion in market value. Razman downplayed concerns over the spat saying, "The impact on Malaysia will be minimal, as the fallout primarily affects the SpaceX program and Tesla production."
The Sun
3 hours ago
- The Sun
Billion-dollar battery plant pauses construction in US amid electric vehicle, tariff uncertainty
NEW YORK: A Japanese company has halted construction on a US$1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing 'policy and market uncertainty,' reported Xinhua quoting the Associated Press. 'While Automotive Energy Supply Corp. (AESC) didn't specify what those problems are, South Carolina's Republican governor said the company is dealing with the potential loss of federal tax breaks for electric vehicle buyers and incentives for EV businesses as well as tariff uncertainties from President Donald Trump's administration,' noted the report. 'What we're doing is urging caution -- let things play out because all of these changes are taking place,' Governor Henry McMaster said. AESC announced the suspension in construction of its plant in Florence on Thursday. 'Due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time,' the company's statement said. AESC promised to restart construction, although it didn't say when, and vowed to meet its commitment to hire 1,600 workers and invest US$1.6 billion. The company said it has already invested US$1 billion in the Florence plant. The battery maker based in Japan also has facilities in China, the United Kingdom, France, Spain and Germany. In the United States, AESC has a plant in Tennessee and is building one in Kentucky. The statement didn't mention any changes with other plants.
The Sun
3 hours ago
- The Sun
Billion-dollar battery plant pauses construction in US
NEW YORK: A Japanese company has halted construction on a US$1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing 'policy and market uncertainty,' reported Xinhua quoting the Associated Press. 'While Automotive Energy Supply Corp. (AESC) didn't specify what those problems are, South Carolina's Republican governor said the company is dealing with the potential loss of federal tax breaks for electric vehicle buyers and incentives for EV businesses as well as tariff uncertainties from President Donald Trump's administration,' noted the report. 'What we're doing is urging caution -- let things play out because all of these changes are taking place,' Governor Henry McMaster said. AESC announced the suspension in construction of its plant in Florence on Thursday. 'Due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time,' the company's statement said. AESC promised to restart construction, although it didn't say when, and vowed to meet its commitment to hire 1,600 workers and invest US$1.6 billion. The company said it has already invested US$1 billion in the Florence plant. The battery maker based in Japan also has facilities in China, the United Kingdom, France, Spain and Germany. In the United States, AESC has a plant in Tennessee and is building one in Kentucky. The statement didn't mention any changes with other plants.
