Partnership

On March 17, 2021, First Gold and Goldwell Capital Co., Ltd (Goldwell Capital) signed a Memorandum of Understanding (MOU) to establish a strategic alliance relationship and mark a new phase that both sides will join hands to spur the development of Southeast Asia’s financial industry in the future, reflecting a win-win situation across regions. The virtual signing ceremony was live streaming on Facebook, the event was honored to have authoritative organizations from Hong Kong and Cambodia as the witness party, including Dr. Haywood Cheung, President of the Chinese Gold and Silver Exchange Society (CGSE), H.E. Mr. Sou Socheat, Delegate of Royal Government in charge as Director General of Securities and Exchange Regulator of Cambodia (SERC), Dr. Vin Pheakdey, Director of Securities Intermediaries Supervision Department of SERC, Mr. Yun Sovannara, Head of CIS & Derivatives Business Supervision Division of SERC, Mr. Pich Rithy, Deputy Head of CIS & Derivatives Business Supervision Division, Her E. Chhay Leakhena, Chairwoman of Cambodian Derivatives Exchange (CDX) and Ms. Nancy Chau, Director of CDX.

With a deeply rooted foundation in Hong Kong for 30 years, First Gold always strives to provide professional and reliable bullion trading services to the clients. With the aim of contributing to the financial industry around the globe, First Gold has been innovative and actively developed mutual cooperation relationship with different leading parties. In the light of the Association of Southeast Asian Nations (ASEAN) countries have growth rapidly, especially Cambodia, First Gold has seized the opportunity to establish long-term collaboration with Goldwell Capital, a leading licensed derivative broker in Cambodia. Upon signing of the MOU, the agreement aims on sharing market information and promoting investment education jointly. With the professional technical analysis team and diversified investment products, First Gold and Goldwell Capital are endeavoring to drive the financial market development in Hong Kong, Cambodia, and even the region of Southeast Asia, so as to create a professional and reliable financial trading environment for investors.

This MOU was signed by Mr. Victor Tsang, Director of First Gold and Mr. Chea Punlok, Chief Executive Officer of Goldwell Capital. During the ceremony, Dr. Haywood Cheung delivered enlightening welcoming speech to congratulate the collaboration establishment between First Gold and Goldwell Capital. “The Chinese Gold and Silver Exchange Society always encourages members to maintain and strengthen the cooperation with international gold markets, also actively promote gold and silver market in Hong Kong. First Gold as a bullion group member of the CGSE has taken the lead to be a role model in the industry, by actively be in line with the development of the CGSE for the past 30 years. It deeply rooted foundation in Hong Kong and gradually expanding its business scope to international sector,” said Dr. Haywood Cheung.

During the speech delivered by Mr. Roger Liu, Director of First Gold, expressed the professionalism of First Gold. First Gold always looks for the opportunity of cross-border development and the enhancement of cooperation with Southeast Asia region in the aspect of financial economics, while Cambodia gradually became the focus of ASEAN “One Belt One Road” special economic region and having unlimited potential in the future. “We are delighted to establish strategic alliance relationship with Goldwell Capital. First Gold as the pioneer of the industry, keep working hard to strive for the best and be innovative. First Gold will endeavor to act as a bridge between Hong Kong and Cambodia, to support the financial market of Cambodia and establish sustainable economic relationship,” said Mr. Roger Liu. 

Mr. George Black, Chief Financial Analyst of Goldwell Capital, expected the enhancement of the cooperation with First Gold. “With dedicated and professional attitude, Goldwell Capital has become the top derivative brokers in Cambodia. We look forward to cooperate with First Gold which has been rooted in the international financial center for many years, in order to bring the international financial standard to Cambodia and enhance the financial development. I believe that it will create another peak in the financial market of Cambodia,” said Mr. George Black.

H.E. Mr. Sou Socheat, Director General of SERC, wholly welcomed and saw a great merit in this collaboration. “This collaboration recognized the contribution of Goldwell Capital towards the financial market of Cambodia, SERC will continue to support our derivative brokers to the international stage and connect with the world,” said H.E. Mr. Sou Socheat.

First Gold and Goldwell Capital committed to further develop of the strategic alliance relationship to achieve their common goal — sharing more development opportunities to the Southeast Asia region and creating economic prosperity.