MOS House Group Ltd.'s Subsidiary Secures Regulatory Approval to Operate in Precious Metals and Stones Market

Reuters
07/07
MOS House Group Ltd.'s Subsidiary Secures Regulatory Approval to Operate in Precious Metals and Stones Market

MOS House Group Ltd., incorporated in the Cayman Islands, has announced a significant regulatory approval for its subsidiary, Petracer's China Limited. The company has successfully registered as a dealer in precious metals and stones with the Customs and Excise Department under Category A Registration, effective from July 3, 2025. This registration, aligned with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance in Hong Kong, authorizes Petracer to operate in this new line of business, excluding specified cash transactions. This strategic move aims to diversify the company's investment portfolio and enhance shareholder returns. The management is currently preparing a business plan and operations manual to ensure proper governance and internal controls in this expanded business venture.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MOS House Group Ltd. published the original content used to generate this news brief on July 07, 2025, and is solely responsible for the information contained therein.

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