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Associated Press
27-06-2025
- Business
- Associated Press
AsiaFIN's CEO Interviewed on Harvest Communications Podcast
Company Discusses Initiatives to Create Profitable RegTech Business Focused on Asia, the Middle East, and Targeting North America KUALA LUMPUR, MY / ACCESS Newswire / June 27, 2025 / AsiaFIN Holdings Corp. (OTCQB:ASFH), a leading fintech financial ecosystem enabler, today announced that its Chief Executive Officer, KC Wong, was recently interviewed by Carmel Fisher on the Harvest Communications Podcast. The interview discusses AsiaFIN, the 24-year-old financial services company, and its ongoing transformation to providing sophisticated and comprehensive RegTech solutions to financial service enterprises throughout Asia. Mr. Wong also discussed the recent expansion into Saudi Arabia, AsiaFIN's ninth country launch. Mr. Wong shares his thoughts about building relationships with central banks and the company's proven ability to navigate complex regulatory environments. Interested parties can listen to the podcast here . About AsiaFIN Holdings Corp AsiaFIN Holdings Corp. (OTCQB: ASFH), a US listed, Nevada, USA Corporation, operates through its wholly owned Malaysia, Hong Kong and StarFIN Holdings Ltd subsidiaries. AsiaFIN's mission is to become the 'financial ecosystem enabler' through its solutions in Fintech; Regulatory Technology (REGTECH); ESG Consultancy & Reporting and Robotic Process Automation (RPA) services. AsiaFIN provides services to over 90+ financial institutions and over 100 corporate clients in the Asia and Middle east region including Malaysia, Myanmar, the Philippines, Indonesia, Bangladesh, Pakistan, Thailand, Singapore and Saudi Arabia. AsiaFIN's clients are central banks, financial institutions and large corporation. For further information regarding the company, please visit Notice Regarding Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of AsiaFIN and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. AsiaFIN undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this presentation that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as 'may,' 'will,' 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intends,' 'goal,' 'objective,' 'seek,' 'attempt,' 'aim to,' or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, risks associated with AsiaFIN's operating history, recent history of losses and profits, ability to adequately protect its software innovations, dependence on key executives, ability to obtain required regulatory approvals, other factors described in AsiaFIN's Annual Report on Form 10-K and other factors as may periodically be described in AsiaFIN's filings with the U.S. Securities and Exchange Commission. Investors & Media Contact: Tom Baumann FNK IR 646.349.6641 [email protected] - ENDS - SOURCE: ASIAFIN HOLDINGS CORP press release
Yahoo
14-05-2025
- Business
- Yahoo
AsiaFIN Holdings Corp. Announces First Quarter 2025 Financial Results
KUALA LUMPUR, MALAYSIA / / May 13, 2025 / AsiaFIN Holdings Corp., (OTCQB:ASFH), a leading fintech financial ecosystem enabler, today announced financial results for the first quarter of 2025, the period ended March 31, 2025. Financial Results for the Quarter Ended March 31, 2025: Cash and cash equivalents were approximately $1.26 million as of March 31, 2025 as compared to approximately $1.31 million as of December 31, 2024. Revenue for the quarter was approximately $621,000, an increase of 19.5% compared to $520,000 in the first quarter last year. Gross profit was a negative $6,900, or negative 1.1% gross margin, compared to gross profit of $22,000, or 4.2% gross margin, in the first quarter last year. The negative gross margin reflects costs associated with recent expansion initiatives as the team is expanded to support expected future growth. Selling, general and administrative expenses were approximately $486,000, an increase of 64.2% compared to $296,000 in the first quarter last year. The increase in general and administrative expenses was primarily attributable to higher salary expenses, as the Company recruited more employees to support business expansion initiatives, as well as an increase in credit loss allowance, due to challenges in collecting receivables from debtors. Net loss was approximately $489,000 an increase of 73.4% compared to a loss of approximately $282,000 for the first quarter of 2024. Net loss attributable to common shareholders was approximately $482,000 an increase of 73.5% compared to a loss of approximately $278,000 for the first quarter of 2024. Total comprehensive loss was approximately $468,000, or $(0.01) per share, an increase of 43.1% compared to a loss of approximately $327,000, or $(0.00) for the first quarter of 2024. EBITDA was approximately negative $465,000, a decrease of 274% compared to approximately $267,000 in the first quarter last year. CEO of AsiaFIN, KC Wong said, "AsiaFiN continues to expand its addressable market, positioning the company for significant growth. In the first quarter, we successfully entered the Middle East market, securing contracts with a major government financial institution. These relationships are expected to contribute to revenue beginning in the second half of this year, and we are pursuing additional opportunities in the region." "From a seasonality perspective, the first quarter, typically incurs higher expenses related to the renewal of maintenance contracts, with revenue contributions increasing as the year progresses," continued Mr. Wong. "We also accelerated our onboarding of staff to support our growth, leading to higher operating cost in the first quarter of 2025 and resulting in temporary negative gross margins. We anticipate returning to positive gross margins in the second quarter and for the remainder of the year." "Our first quarter revenue growth accelerated nearly 20%, reflecting strong demand for our solutions," added Mr. Wong. "Our focus remains on leveraging our business model to convert incremental revenue into cash generation. We are balancing growth and the need for increased staffing with the goal of profitability to most effectively take advantage of global demand." "Our core revenue generating unit, Regtech, delivered nearly 110% revenue growth year-over-year, as we continue to invest in this business unit," Wong concluded. "We continue to invest in our Robotic Process Automation (RPA) segment, moving toward positive gross margins as we scale this business. Management continues to believe RPA has the potential for significant revenue growth and margin potential." UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSSFOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024(Currency expressed in United States Dollars ("US$"), except for number of shares or otherwise stated) Three months ended March 31, 2025 Three months endedMarch 31, 2024 REVENUE $ 621,179 $ 519,752 COST OF REVENUE (including $46,029 and $27,234 of cost of service revenue to related party for the three months ended March 31, 2025 and 2024, respectively) (628,092 ) (497,824 ) GROSS (LOSS)/PROFIT $ (6,913 ) $ 21,928 SHARE OF LOSS FROM OPERATION OF ASSOCIATE (1 ) (9,599 ) OTHER INCOME 3,282 1,994 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (including $24,452 and $22,712 of selling, general and administrative expenses to related party for the three months ended March 31, 2025 and 2024, respectively) (485,831 ) $ (295,839 ) LOSS BEFORE INCOME TAX (489,463 ) $ (281,516 ) INCOME TAX EXPENSES - - NET LOSS (489,463 ) $ (281,516 ) Net income attributable to non-controlling interest 7,034 3,405 NET LOSS ATTRIBUTED TO COMMON SHAREHOLDERS OF ASIAFIN HOLDINGS CORP. (482,429 ) (278,111 ) Other comprehensive income: - Foreign currency translation loss 14,044 (48,950 ) TOTAL COMPREHENSIVE LOSS (468,385 ) $ (327,061 ) NET LOSS PER SHARE, BASIC AND DILUTED (0.01 ) (0.00 ) WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED $ 81,838,994 $ 81,551,838 ASIAFIN HOLDINGS CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024(Currency expressed in United States Dollars ("US$"), except for number of shares or otherwise stated) Three Months Ended March 31, 2025 Three MonthsEnded March 31, 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (482,429 ) $ (278,111 ) Minority interest (7,034 ) (3,405 ) Share of loss from operation of associate 1 9,599 Adjustments to reconcile net profit to net cash used in operating activities: Depreciation and amortization 30,730 28,032 Disposal of asset (11,248 ) - Provision for credit loss allowance 105,903 29,278 Changes in operating assets and liabilities: Account payables 86,234 1,862 Account receivables 139,261 291,364 Prepayment, deposits and other receivables 6,587 (7,966 ) Other payables and accrued liabilities (43,770 ) (66,897 ) Deferred revenue 214,690 168,309 Tax assets (12,515 ) (30,942 ) Income tax payable (57,451 ) - Change in lease liability (14,107 ) (14,346 ) Net cash (used in)/provided by operating activities $ (45,148 ) $ 126,777 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property, plant and equipment (16,258 ) (8,006 ) Disposal of property, plant and equipment 11,248 - Investment in associate - (35,473 ) Net cash used in investing activities $ (5,010 ) $ (43,479 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common shares 9,000 - Advance from director (14,623 ) (15,846 ) Repayment of hire purchase - (2,757 ) Advances to related companies (1,403 ) (224 ) Net cash used in financing activities $ (7,026 ) $ (18,827 ) Effect of exchange rate changes on cash and cash equivalents $ 5,915 $ (16,888 ) Net increase in cash and cash equivalents $ (51,269 ) $ 47,583 Cash and cash equivalents, beginning of year 1,309,929 1,234,188 CASH AND CASH EQUIVALENTS, END OF YEAR $ 1,258,660 $ 1,281,771 SUPPLEMENTAL CASH FLOWS INFORMATION Cash paid for income taxes $ 23,675 $ 29,404 Cash paid for interest paid $ 541 $ 776 ASIAFIN HOLDINGS CONDENSED CONSOLIDATED BALANCE SHEETSAS OF MARCH 31, 2025 AND DECEMBER 31, 2024 (audited)(Currency expressed in United States Dollars ("US$"), except for number of shares or otherwise stated) As of March 31, 2025 As of December 31, 2024 Unaudited Audited ASSETS Current assets Cash and cash equivalents $ 1,258,660 $ 1,309,929 Account receivables, net 947,519 1,184,130 Prepayment, deposits and other receivables 140,743 146,233 Amount due from related parties 5,244 3,809 Tax assets 295,036 280,354 Total current assets $ 2,647,202 $ 2,924,455 Non-current Assets Right-of-use assets, net $ 633,716 $ 615,444 Property, plant and equipment, net 619,004 614,673 Deferred income tax assets 326 324 Investment in associates 8,003 7,944 Total non-current assets $ 1,261,049 $ 1,238,385 TOTAL ASSETS $ 3,908,251 $ 4,162,840 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Other payables and accrued liabilities $ 1,010,154 $ 1,151,256 Account payables (including $59,042 and $19,984 of account payable to related party as of March 31, 2025, and December 31, 2024, respectively) 125,997 39,296 Income tax payable 3,357 60,483 Amount due to director 132,465 146,018 Lease liability - current portion 58,891 64,787 Total current liabilities $ 1,330,864 $ 1,461,840 Non-current liabilities Lease liability - non-current portion 574,825 550,657 Deferred tax liabilities 5,029 4,991 Total non-current liabilities $ 579,854 $ 555,648 TOTAL LIABILITIES $ 1,910,718 $ 2,017,488 STOCKHOLDERS' DEFICIT Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding $ - $ - Common stock, $0.0001 par value; 600,000,000 shares authorized; 81,915,838 and 81,551,838 shares issued and outstanding as of March 31, 2025 and December 31, 2024 8,192 8,155 Additional paid-in capital 10,795,250 10,467,687 Accumulated other comprehensive loss (257,826 ) (271,870 ) Accumulated deficit (8,522,029 ) (8,039,600 ) Non-controlling interest (26,054 ) (19,020 ) TOTAL STOCKHOLDERS' DEFICIT $ 1,997,533 $ 2,145,352 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,908,251 $ 4,162,840 About AsiaFIN Holdings Corp. AsiaFIN Holdings Corp. (OTCQB:ASFH), a Nevada corporation, operates through its wholly owned Malaysia, Hong Kong and StarFIN Holdings Ltd subsidiaries. AsiaFIN's mission is to become the "financial ecosystem enabler" through its solutions in Fintech; Regulatory Technology (REGTECH); ESG Consultancy & Reporting and Robotic Process Automation (RPA) services. AsiaFIN provides services to over 90+ financial institutions and over 100 corporate clients in the Asia and Middle East region including Malaysia, Myanmar, the Philippines, Indonesia, Bangladesh, Pakistan, Thailand, Singapore and now in Saudi Arabia. AsiaFIN's clients are central banks, financial institutions and large corporation. For further information regarding the company, please visit Notice Regarding Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of AsiaFIN and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. AsiaFIN undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this presentation that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, risks associated with AsiaFIN's operating history, recent history of losses and profits, ability to adequately protect its software innovations, dependence on key executives, ability to obtain required regulatory approvals, other factors described in AsiaFIN's Annual Report on Form 10-K and other factors as may periodically be described in AsiaFIN's filings with the U.S. Securities and Exchange Commission. Investors & Media Contact: Tom BaumannFNK IR646.349.6641asfh@ SOURCE: ASIAFIN HOLDINGS CORP View the original press release on ACCESS Newswire
Yahoo
26-03-2025
- Business
- Yahoo
AsiaFIN Holdings Corp. (OTCQB:ASFH), Announces Full Year 2024 Financial Results
KUALA LUMPUR, MY / / March 26, 2025 / AsiaFIN Holdings Corp., (OTCQB:ASFH), a leading fintech financial ecosystem enabler, today announced financial results for the full year ended December 31, 2024. To view this release online and get more information for Investors & Media - AsiaFIN Holdings Corp., visit: AsiaFIN Holdings Corp. (OTCQB:ASFH), Announces Full Year 2024 Financial Results. at Financial Results for the Year Ended December 31, 2024: Net cash flow from operations was approximately $0.343 million for the year ended December 31, 2024 as compared to $(0.211) million for the year ended December 31, 2023. Cash and cash equivalents were approximately $1.310 million as of December 31, 2024 as compared to approximately $1.234 million as of December 31, 2023. Revenue for the years ended December 31, 2024 and 2023 were approximately $3.382 million and $3.110 million, respectively. Gross profit for the years ended December 31, 2024 and 2023 were approximately $1.424 million and $1.401 million, respectively. Selling, general and administrative expenses for the years ended December 31, 2024 and 2023 were approximately $1.464 million and $1.299 million, respectively. EBITDA for the years ended December 31, 2024 and 2023 were approximately $0.105 million and $0.268 million, respectively. Net loss was approximately $(0.144) million for the year ended December 31, 2024 as compared to approximately $0.019 million for the year ended December 31, 2023. Net loss per share for the years ending December 31, 2024 and 2023 were approximately $(0.00) and $0.00, respectively. CEO of AsiaFIN, KC Wong said, "AsiaFIN's focus in financial year 2024 has been all about positioning the company for very significant future growth and value generation for investors. We achieved a number of significant internal and external goals over 2024 including completing the development of a new product, entry into new markets and associated investments for growth. During 2024, we commenced reviews of our website content and structure for investors (now completed post balance sheet close) as well as website content and 'look and feel' reviews for our commercial sub-brands (a rolling program). Our newly created and appointed audit committee strengthens our corporate governance, and we have embarked on a potentially meaningful review of our public corporate governance policies. For cash generation and our going concern status, we are particularly encouraged and pleased by our positive net cash from operations, which is a function of more effective working capital management and an important contributor toward passing our going concern opinion from our auditors, without qualification. While revenue growth at over 8.8% year on year is very respectable in current markets, we are working hard and making investments to push revenue growth consistently into double digit organic growth at least for the next few years. The fourth quarter of 2024 has delivered greater sales pipe progression than the year-end, 8.8% revenue growth numbers might suggest. We have launched a new Regulatory Technology (Regtech) product that have gained traction with new and existing clients in the Malaysian market, and we believe we have made exciting progress on our expansion plans outside of the Asia region. While our smallest unit by revenues, Robotic Process Automation (RPA), has posted a significant increase in cost of revenue, this is because we are investing significantly in RPA, which we see as very important future value driver unit, with exciting revenue and margin potential, and we have positive news to report on this in our investor webinar. Our core revenue generating unit, Regtech, continues to grow well with improving gross margins up approximately 99 basis points. We are excited about the value generating milestones ahead and remain extremely focused on building the future of AsiaFIN via strategic investments this year, that we believe will unlock significant value for our stakeholders." For the year endedDecember 31, 2024 For the year endedDecember 31, 2023 Audited Audited REVENUE $ 3,382,432 $ 3,109,515 COST OF REVENUE (including $77,294 and $40,235 of cost of service revenue to related party for the years ended December 31, 2024 and 2023, respectively) (1,958,599 ) (1,708,334 ) GROSS PROFIT $ 1,423,833 $ 1,401,181 SHARE OF LOSS FROM OPERATION OF ASSOCIATE (9,843 ) (152 ) OTHER INCOME $ 7,281 $ 13,109 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (including $94,981 and $93,691 of selling, general and administrative expenses to related party for the years ended December 31, 2024 and 2023, respectively) $ (1,464,248 ) $ (1,298,849 ) (LOSS)/INCOME BEFORE INCOME TAX $ (42,977 ) $ 115,289 INCOME TAX EXPENSES (118,991 ) (96,712 ) NET (LOSS)/INCOME $ (161,968 ) $ 18,577 Net income attributable to non-controlling interest 18,391 637 NET (LOSS)/INCOME ATTRIBUTED TO COMMON SHAREHOLDERS OF ASIAFIN HOLDINGS CORP. (143,577 ) 19,214 Other comprehensive income: - Foreign currency translation income/(loss) 48,571 (60,389 ) TOTAL COMPREHENSIVE LOSS $ (95,006 ) $ (41,175 ) NET (LOSS)/INCOME PER SHARE, BASIC AND DILUTED $ (0.00 ) $ 0.00 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED 81,551,838 80,356,501 For the Year Ended December 31, 2024 2023 (Audited) (Audited) CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss)/income $ (143,577 ) $ 19,214 Minority interest (18,391 ) (637 ) Impairment of investment in associate 61,364 - Share of loss from operation of associate 9,843 152 Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 119,608 133,024 Provision for credit loss allowance (84,503 ) 55,076 Changes in operating assets and liabilities: Account payable 13,463 1,176 Account receivable (65,454 ) (412,818 ) Prepayment, deposits and other receivables (22,443 ) 83,387 Other payables and accrued liabilities 213,387 (64,649 ) Deferred revenue 325,214 (71,705 ) Tax assets (53,733 ) 298,842 Deferred income tax assets (7,470 ) 3,912 Income tax payable 55,996 (196,833 ) Change in lease liability (60,303 ) (58,595 ) Net cash provided by/(used in) operating activities 343,001 (210,454 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of plant and equipment (138,343 ) (32,479 ) Investment in associate (70,790 ) - Net cash used in investing activities (209,133 ) (32,479 ) CASH FLOWS FROM FINANCING ACTIVITIES: Repayment to director (67,872 ) (62,793 ) Repayment of hire purchase (4,789 ) (11,173 ) Advances to related companies (4,740 ) (612 ) Net cash used in financing activities (77,401 ) (74,578 ) Effect of exchange rate changes in cash and cash equivalents 19,274 (28,471 ) Net changes in cash and cash equivalents 75,741 (345,982 ) Cash and cash equivalents, beginning of year 1,234,188 1,580,170 CASH AND CASH EQUIVALENTS, END OF YEAR $ 1,309,929 $ 1,234,188 SUPPLEMENTAL CASH FLOWS INFORMATION Cash paid for income taxes $ 105,339 $ 104,691 Cash paid for interest $ 2,790 $ 391 As of December 31, 2024 As of December 31, 2023 Audited Audited ASSETS Current assets Cash and cash equivalents $ 1,309,929 $ 1,234,188 Account receivables, net 1,184,130 1,004,690 Prepayment, deposits and other receivables 146,233 114,133 Amount due from related parties 3,809 - Tax assets 280,354 219,698 Total current assets $ 2,924,455 $ 2,572,709 Non-current assets Right-of-use assets, net $ 615,444 $ 651,853 Property, plant and equipment, net 614,673 520,216 Deferred income tax assets 324 43 Investment in associates 7,944 8,153 Total non-current assets $ 1,238,385 $ 1,180,265 TOTAL ASSETS $ 4,162,840 $ 3,752,974 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Other payables and accrued liabilities $ 1,151,256 $ 586,595 Account payable (including $19,984 and $19,467 of account payable to related party as of December 31, 2024 and 2023, respectively) 39,296 24,900 Income tax payable 60,483 3,358 Amount due to director 146,018 209,747 Amount due to related parties - 1,000 Hire purchase - current portion - 4,759 Lease liability - current portion 64,787 60,394 Total current liabilities $ 1,461,840 $ 890,753 Non-current liabilities Lease liability - non-current portion 550,657 591,459 Deferred tax liabilities 4,991 12,013 Total non-current liabilities $ 555,648 $ 603,472 TOTAL LIABILITIES $ 2,017,488 $ 1,494,225 STOCKHOLDERS' EQUITY Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding $ - $ - Common stock, $0.0001 par value; 600,000,000 shares authorized; 81,551,838 and 81,551,838 shares issued and outstanding as of December 31, 2024 and December 31, 2023 8,155 8,155 Additional paid-in capital 10,467,687 10,467,687 Accumulated other comprehensive loss (271,870 ) (320,441 ) Accumulated deficit (8,039,600 ) (7,896,023 ) Non-controlling interest (19,020 ) (629 ) TOTAL STOCKHOLDERS' EQUITY $ 2,145,352 $ 2,258,749 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,162,840 $ 3,752,974 About AsiaFIN Holdings Corp. AsiaFIN Holdings Corp. (OTCQB: ASFH), a Nevada, USA Corporation, operates through its wholly owned Malaysia, Hong Kong and British Virgin Islands subsidiaries. AsiaFIN's mission is to become the "financial ecosystem enabler" through its solutions in Payment Processing, Regulatory Technology (RegTech), Robotic Process Automation (RPA) and system integration services. AsiaFIN provides services to over 100 corporate clients in the Asia region including Malaysia, Myanmar, the Philippines, Indonesia, Bangladesh, Pakistan, Thailand and Singapore. AsiaFIN's clients are banks, corporates, and other merchants and entrepreneurs in Asia. For further information regarding the company, please visit Notice Regarding Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of AsiaFIN and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. AsiaFIN undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this presentation that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, risks associated with AsiaFIN's operating history, recent history of losses and profits, ability to adequately protect its software innovations, dependence on key executives, ability to obtain required regulatory approvals, other factors described in AsiaFIN's Annual Report on Form 10-K and other factors as may periodically be described in AsiaFIN's filings with the U.S. Securities and Exchange Commission. Investors Contact AsiaFIN Holdings Corp. (OTCQB: ASFH)Dato Dr Sean Seah, Executive Media Contact AsiaFIN Holdings Corp. (OTCQB: ASFH)Kai Cheong (KC) Wong, Chief Executive Officermedia@ - END - SOURCE: ASIAFIN HOLDINGS CORP View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
12-03-2025
- Business
- Yahoo
AsiaFIN Holdings Corp Announces Fourth Quarter and Full Year 2024 Earnings and Earnings Webcast
KUALA LUMPUR, MALAYSIA / ACCESS Newswire / March 12, 2025 / AsiaFIN Holdings Corp,(OTCQB:ASFH), a leading fintech financial ecosystem enabler, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2024, after the close of the U.S. capital markets on Monday, March 24, 2025 in a press release. In addition, the next day, AsiaFIN Holdings Corp will hold a webcast on Tuesday, March 25, 2025, at 08:30 (8:30 a.m.) Eastern time; (05:30 (5:30 a.m. UTC-7). Pacific time; 20:30 (8:30 pm MYT; UTC+8, GMT 12:30 (12:30pm GMT, UTC+0); to discuss its financial results for the fourth quarter and full year ended December 31, 2024, in more detail. AsiaFIN management will host the presentation, followed by a question-and-answer session. Earnings and Q&A Webcast Date: Tuesday, March 25, 2025 Time: 08:30 ET (05:30. PT, 20:30 MYT) Webcast Registration at with your name (title if appropriate) and organization and whether you are an investor or investment research analyst. Within 12 hours of registration, participants will receive a webcast link via email from Microsoft Teams. Please join the Microsoft Teams webcast 5-10 minutes prior to the start time. If you have any difficulty joining the webcast please contact A webcast replay and transcript will be available here Corporate News - AsiaFIN and the presentation will be available here SEC Filings - AsiaFIN within 24 hours of the meeting. About AsiaFIN Holdings CorpAsiaFIN Holdings Corp. (OTCQB:ASFH), a US listed, Nevada, USA Corporation, operates through its wholly owned Malaysia, Hong Kong and newly acquired StarFIN Holdings Ltd subsidiaries. AsiaFIN's mission is to become the "financial ecosystem enabler" through its solutions in Payment Processing; Regulatory Technology (REGTECH) Robotic; Process Automation (RPA) and system integration services. AsiaFIN provides services to over 100 corporate clients in the Asia region including Malaysia, Myanmar, the Philippines, Indonesia, Bangladesh, Pakistan, Thailand and Singapore. AsiaFIN's clients are banks, corporates, other merchants and entrepreneurs in Asia. For further information regarding the company, please visit InvestorsAsiaFIN Holdings Corp. (OTCQB:ASFH)KC Wong, Chief Executive MediaAsiaFIN Holdings Corp. (OTCQB:ASFH)KC Wong, Chief Executive Officermedia@ SOURCE: ASIAFIN HOLDINGS CORP View the original press release on ACCESS Newswire Sign in to access your portfolio
