HONG KONG: Futu Securities International (Hong Kong) Ltd, a financial-services company backed by Tencent Holdings Ltd, is close to raising at least US$100mil in a funding round to boost capital and fuel expansion plans, as an increasing number of mainland Chinese use its smartphone app to trade Hong Kong and US stocks.
Founder Li Hua said in an interview last week that the Hong Kong-registered firm may complete the fundraising by June.
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