LTMH Public Company Limited (LTMH) has disclosed that the management of its subsidiary, WealthX Securities Company Limited (WealthX), is currently studying and assessing the feasibility of expanding WealthX's securities business scope to include brokerage services, in order to support services within the WealthTech business ecosystem of the group. The study aims to broaden the business to cover a wider range of investment products, accommodate future changes in government investment and tax regulations, and support long-term sustainable growth. WealthX will consider a low-cost business model building on its existing system infrastructure and user base, while also exploring potential business partners or alliances. The results of the study will be presented to WealthX's board for approval. If approval from LTMH's board or shareholders is required, the company will proceed in accordance with regulations, including obtaining licenses from relevant regulatory authorities before taking any action. However, this is still in the feasibility study stage only, with no binding commitment and no certainty that it will proceed.
LTMH Public Company LimitedLTMH's subsidiary WealthX is only studying a feasibility expansion into brokerage services, contingent on regulatory licenses and board approval, with no certainty it will proceed.
