Next stop, Malaysia.
Online brokerage Futu Holdings Ltd. (FUTU.US) announced the Southeast Asian country will become its next new market, as it expands from its current base in Hong Kong. Internationalization has become the company’s main mantra these days, as it continues to expand its business presence in a growing mix of developed and developing markets.
The Malaysia expansion was the biggest headline grabber in Futu’s latest quarterly results that showed it continues to add more products and services for its customers in Hong Kong, the U.S., Singapore and Australia.
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