Billionaire Businessmen Tony Tan Caktiong and Injap Sia's Trading Firm Starts Operations
DragonFi Securities Inc, the stock brokerage firm backed by billionaire businessmen Edgar “Injap” Sia II and Tony Tan Caktiong, is open for business. On Ffriday, March 10, the Philippine Stock Exchange (PSE) announced today that the latest collaboration between the two taipans will formally start trading operations as an active participant of the local bourse on Monday, March 13.
“The achievement of this milestone brings DragonFi a step closer towards unveiling our best-in-class stock trading platform that will thrill professional and aspirational investors alike,” said DragonFi CEO Jon Carlo Lim in a statement. “The coming weeks will be devoted to beta testing in preparation for our full-scale launch by the end of April.”
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DragonFi Securities was once known as Tri-State Securities and was acquired by BeeDragon Global, the joint venture between Tan Caktiong’s Honeystar Holdings Corp., Sia’s Injap Investments Inc., and the group of Lim, in November 2021. Tri-Star changed its name in May 2022.
“DragonFi is the perfect vehicle to uphold our shared belief in the primacy of investing towards long-term wealth creation,” Sia said. DragonFi recently received certification from the PSE for its web and mobile trading platforms. The firm aims to develop a technology driven ecosystem of wealth building tools with the goal of improving investment outcomes.”
Tan Caktiong and Sia are already partners on DoubleDragon, the real estate company engaged in hospitality and retail, office, and industrial leasing. Sia is perhaps best-known as the founder of the Mang Inasal fast food chain, which he sold to Tan Caktiong’s Jollibee Foods Corporation in 2010 for P3 billion.