Goldwell Capital Signs MOU with First Gold on International Cooperation Expansion
Goldwell Capital Limited, a leading licensed derivative brokerage company in Cambodia, has now officially signed a Memorandum of Understanding (MOU) on International Cooperation Expansion with Hong Kong-based First Asia Merchants Bullion Limited (known as “First Gold”), aiming to enhance on the field of communication, application, and education in the pursuit of the highest standard services for the respective companies.
On March 17, 2021, the signing ceremony, held online, was graced by the presence of Cambodian derivatives market regulators H.E. Mr. Sou Socheat, Delegate of Royal Government In Charge as Director General, H.E. Dr. Vin Pheakdey, Director of Securities Intermediaries Supervision Department, Mr. Yun Sovannara, Head of CIS & Derivatives Business Supervision Division and Mr. Pich Rithy, Deputy Head of CIS & Derivatives Business Supervision Division, together with Hong Kong bullion market regulator Dr. Haywood Cheung, Present of Chinese Gold and Silver Exchange (CGSE), and the representatives of Cambodian Derivatives Exchange (CDX) Her E. Chhay Leakhena, Chairwoman, along with CDX’s directors Ms. Nancy Chau, and Mr. Lawrence Kook, witnessing the new international MOU birth and congratulating both Goldwell Capital and First Gold on getting such a strong partner.
Goldwell Capital is one of the top-three derivative brokers in Cambodia in the central counterparty of CDX and has invested a lot of resources and effort in sharpening its products and services to the highest level. As a result of First Gold’s recognition of its credentials, Goldwell Capital looks forward to expanding its business and providing excellent customer service for their customers.
The signing representatives of the two parties are Mr. Chea Punlok, Chief Executive Officer of Goldwell Capital, and Mr. Victor Tsang, Director of First Gold.
“At Goldwell Capital, we are committed to collaboration, so by partnering with First Gold, we will gain a greater understanding and wider expertise in international investment opportunities for our prospective clients, and reach the peak of financial-related exposure through leveraging each other’s strength on the journey towards mutual success,” said Mr. George Black, Chief Financial Advisor of Goldwell Capital.
Sharing the common interests with Goldwell Capital Management, Mr. Roger Liu, Director of First Gold said, “We First Gold have thrived to strengthen client’s ability to instantly capture golden investment opportunities by ensuring excellent, high quality and accurate trading information in a prompt manner. By pairing with Goldwell Capital, it means we already started to getting more opportunities and creating a professional and healthy investment environment to contribute in our local financial market as well as the global one”.
Besides witnessing the success of this MOU signing, the delegates from Chinese Gold and Silver Exchange and Securities and Exchange Regulator of Cambodia also took this occasional opportunity to congratulate both parties and applaud for the great merit of this MOU.
President of CGSE, Dr. Haywood Cheung said, “CGSE has been encouraging its members to maintain and promote business cooperation with precious metals markets around the world, and actively promote the Hong Kong bullion market. First Gold, as a member of the CGSE, has maintained its position for 30 years. Based in Hong Kong, it has gradually expanded its business and has deepened its expansion in multiple core development regions in Southeast Asia over the years.”
“I strongly believe that this collaboration will be a tremendous part of the financial market development in both Cambodia and Kong Hong. As a derivatives market regulator, I am pleased to say that the value of derivatives market in Cambodia has consecutively increased since 2016 despite the impact of the global spread of Covid-19 pandemic, thanks to the effort and progress of all Cambodian derivative brokers, especially Goldwell Capital, getting licensed from SERC to directly perform as key market players for the development of Cambodia’s derivatives market,” said H.E. Mr. Sou Socheat.
Furthermore, the representatives of the Central Counterparty CDX was also impressed by the persistent commitment and steady development of its derivative broker Goldwell Capital, quickly establishing itself to be one of the top derivative brokerage companies with international standards.
Her E. Chhay Leakhena emphasized, “I am delighted to admit that First Gold is a bullion group member of CGSE, where CDX has also visited their headquarter to study the regulations and market operation as business strategy models for a successful market in Cambodia. Therefore, I am confident that this collaboration is a great platform for both parties to learn and share special ingredients with one another to achieve their common goals even in a faster pace,”
The growth of trust has been highlighted through the coverage of this MOU, for all people living in the Kingdom as well as in Hong Kong and looking for a multinational cooperating company to acquire more knowledge about the financial market and generate more wealth to accelerate their financial status.