Standard Chartered Faces $2.7 Billion Lawsuit Linked to 1MDB
Liquidators began legal proceedings against the UK bank in Singapore, according to a statement released on Tuesday. The Financial Times reported the lawsuit earlier. Standard Chartered told the newspaper it had yet to receive the claim documents.
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Optimove Ignites APAC Expansion with Leading iGaming Operators Joining Platform
Magency Life, WeClub Malaysia, and sign on following Optimove's regional launch New York, July 02, 2025 (GLOBE NEWSWIRE) -- Optimove, the creator of Positionless Marketing and the #1 Player Engagement Platform in iGaming, today announced that three leading APAC iGaming operators: Magency Life, WeClub Malaysia, and have selected Optimove as their player engagement platform. This follows the company's formal launch of operations in Asia-Pacific and underscores its momentum in the region. The announcement comes immediately after Optimove's appointment of iGaming veteran Jack Wheeler to head the APAC region. Wheeler and team are driving regional growth and supporting operators in scaling player engagement strategies through data, personalization, and AI-driven orchestration. 'Our rapid adoption in the region is validation that iGaming operators in APAC are forward thinking, with a deep commitment to meaningful player engagement,' said Jack Wheeler, Senior Account Executive and Head of APAC. 'Optimove's ability to empower operators that embrace Positionless Marketing to increase marketing efficiency by 88% is ushering the APAC iGaming industry into an era where real-time marketing execution is scalable.' Optimove's Positionless Marketing Platform gives marketing teams the power to independently launch and optimize campaigns across channels without waiting on engineering, creatives, or analysts. The company's Optimove Ignite+ program, played a key role in accelerating adoption across the region. The comprehensive program is designed to accelerate growth for emerging iGaming and sports betting operators. It offers exclusive access to Optimove's #1 Player Engagement Platform, along with expert CRM guidance, actionable insights, and proprietary industry benchmarks. Optimove Ignite+ empowers operators to enhance player engagement, improve marketing efficiency, and scale efficiently in a highly competitive market. 'These partnerships mark a major step forward in our mission to help operators across APAC build deeper, longer-lasting relationships with their players,' said Motti Colman, VP of Revenue at Optimove. 'It underscores that Positionless Marketing, and its ability to free marketers to execute personalized player journeys without bottlenecks, is a key to growth in competitive markets. We're honored to be chosen.' With regional operators facing rising competition and evolving player expectations, Optimove provides the tools to act instantly on data, deliver personalized experiences, and drive lifetime value all from a single, AI-powered platform. About Optimove Optimove, the creator of Positionless Marketing, frees marketing teams from the limitations of fixed roles, giving every marketer the power to execute any marketing task instantly and independently. Positionless Marketing has been proven to improve campaign efficiency by 88%, allowing marketing teams to create more personalized engagement with existing customers. Recognized as the Visionary Leader in Gartner's 2024 Magic Quadrant for Multichannel Marketing Hubs, Optimove was the first CRM Marketing Platform to natively embed AI in 2012. Today, its comprehensive suite empowers marketers to optimize workflows from insight to creation and through orchestration. Optimove provides industry-specific and use-case solutions for leading consumer brands globally. For more information, visit CONTACT: Olivia Arruda Optimove +8585881053 Olivia_a@ Rob Wyse Optimove +2129201470 rob_w@ in to access your portfolio
Yahoo
an hour ago
- Yahoo
GRANDE GROUP LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
Hong Kong, July 02, 2025 (GLOBE NEWSWIRE) -- GRANDE GROUP LIMITED ('GRAN' or the 'Company'), a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services through its Hong Kong subsidiary, Grande Capital Limited, today announced the closing of its initial public offering (the 'Offering') of 1,875,000 Class A ordinary shares (the 'Class A Ordinary Shares') at the price of $5.00 per share (the 'Offering Price'). The Class A Ordinary Shares commenced trading on the Nasdaq Capital Market on July 1, 2025, under the ticker symbol 'GRAN.' The Company received gross proceeds of approximately US$9.375 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 281,250 Class A Ordinary Shares of the Company at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the 'Over-Allotment Options'). The Company intends to use the net proceeds from the Offering for strengthening the corporate finance advisory business, developing the asset management business, establishing equity capital market services, and general working capital purposes. The Offering was conducted on a firm commitment basis. Cathay Securities, Inc. acts as the underwriter (the 'Underwriter') for the Offering. Ortoli Rosenstadt LLP acts as the U.S. securities counsel to the Company. Ogier acts as the British Virgin Islands legal counsel to the Company. Loong & Yeung and David Fong & Co. act as the Hong Kong legal counsels to the Company. WWC, P.C. acts as the independent registered public accounting firm of the Company. Hunter Taubman Fischer & Li LLC acts the U.S. securities counsel to the Underwriter, in connection with the Offering. The Offering was conducted pursuant to the Company's Registration Statement on Form F-1 (File No. 333-283705) previously filed with, and subsequently declared effective on June 30, 2025 by the U.S. Securities and Exchange Commission (the 'SEC'). A final prospectus describing the terms of the Offering was filed with the SEC on July 1, 2025 and is available on the SEC's website at Alternatively, the copies of the final prospectus related to the Offering may be obtained, when available, from Cathay Securities, Inc.: 40 Wall St Suite 3600, New York, NY 10005, United States, Attention: Shell Li, or via email at service@ or telephone at +1 (855) 939-3888. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Grande Group Limited Through its Hong Kong subsidiary, Grande Capital Limited, Grande Group Limited is a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services. Grande Capital Limited is licensed with the Securities and Futures Commission of Hong Kong ('HKSFC') to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong. For more information, please visit: Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may, 'will, 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding its intended use of proceeds from the sale of the Company's Class A Ordinary Shares in the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Grande Group Limited Investor Relations Contact:Christensen AdvisoryJoanna QuanEmail: Tel: +86-10-5900-1548
Yahoo
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Will Client Testimonials Catch On With Advisors?
Leaving a customer review has never been easier, though not so much for wealth management clients. Fewer than 10% of SEC-registered firms reported using testimonials in their marketing materials, even after the Securities and Exchange Commission allowed advisors to use endorsements in advertisements as long as they were accompanied by proper disclosures. It remains a largely untapped strategy, one that advisors are seemingly hesitant to explore. 'In the early days, because the rule hasn't really been around for that long, we are seeing less adoption,' said Gary Foodim, CMO of Mercer Advisors, which recently partnered with Testimonial iQ to promote client reviews online. 'But over the course of the next 24 to 36 months, you'll see the velocity increasing in terms of adoption.' READ ALSO: Advisors Scrutinize Bill to Ease Rules for Accredited Investors and 3 Financial Planning Urban Legends Testimonials have certainly proven effective in other sectors, such as online retail and healthcare. Some 70% of customers refer to online reviews before finalizing their purchase decisions, per a report from the Journal of Retail and Consumer Services. Under the SEC's latest marketing rule, which went into effect in 2021, testimonials (given by clients or former clients) and endorsements (given by non-clients) can be included in advertisements so long as they disclose: Whether it was given by a current client or a non-client; Whether the person was compensated for the testimonial or endorsement (and as long as the compensation was less than $1,000); And whether or not there was a conflict of interest on the part of the endorser or testimonial provider. Let's Be Reasonable. RIAs also have to have a 'reasonable basis' to believe that their testimonials are in compliance with the updated rule. Brian Thorp, the founder of Wealthtender, said his company lets firms screen testimonials that clients submit to make sure they're SEC-compliant. 'At first, there were more compliance concerns: firms saying, 'Well, we don't want to be first, let's see how others do it.'' Others said they were looking for additional guidance on creating testimonials before using them. 'Now it's a little bit more imposter syndrome,' he said, adding that firms are worried about getting negative reviews. 'You don't get negative reviews. People are with you for a reason.' This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
