Raffles Financial Pte Ltd, a wholly owned subsidiary of Raffles Financial Group Limited announced that the Company has entered into a Joint Venture Agreement with Raffles Infrastructure Investment Pte Ltd. ("R, a subsidiary of Raffles Infrastructure Holdings Limited listed in Singapore under symbol LUY. The Parties intend to collaborate in a joint venture company ("JVC"), MFUND Limited, which upon completion shall be renamed into "Raffles Infrastructure Capital Limited", a company incorporated in Hong Kong.