8VI Holdings Limited announced that it has obtained regulatory approvals to commence its Financial Advisory businesses in Singapore and Malaysia. The Financial Advisory business vertical was established in the previous financial year as part of the Group's plans to expand its offerings and bridge gaps in the VI Community's overall wealth management journey. 8VI FIN Malaysia Sdn.

Bhd. received its Financial Adviser's ("FA") licence from the Central Bank of Malaysia, Bank Negara Malaysia in January 2023 while Vastus Wealth Pte. Ltd. was granted its FA licence by the Monetary Authority of Singapore on 23rd March 2023.

With these approvals, both 8VI FIN and Vastus Wealth can now commence their operations and work with key partners, including insurers and wealth protection providers, to cater to the wealth protection needs of clients in the Singapore and Malaysia markets. The Financial Advisory business vertical represents a promising growth opportunity for the Group, and is expected to diversify 8VI's revenue streams while providing a competitive advantage to attract and expand its customer base. Through this vertical, 8VI will be able to offer a wider range of services, catering to the diverse needs of its clients and fostering the development of stronger, long-term relationships, as well as greater customer loyalty.