SINGAPORE, Aug. 14, 2017 /PRNewswire/ -- Ammbr announced that Futec International Group, the financial platform and subsidiary of the famed Mainland China-based corporation HeungKong Group, has backed the Ammbr initiative. HeungKong is one of the top 50 non-state owned enterprises of China with over 20,000 employees and RMB100 bn in assets.
Mr. Tony Yau, CEO of Futec, said, "Ammbr is one of the most exciting innovations in global telecommunications and promises to be the first globally deployed mesh network. This will allow easier access to broadband connections for more people in more places. Futec sees it as a strategic investment to be involved in this project." Mr Yau is an experienced investment banker, prior to joining Futec he was managing director of APAC at Deutsche Bank AG.
"Ammbr offers an entirely new business model allowing individuals to share their WiFi access and earn tokens, and for users to gain broadband access easily and at a lower cost by using tokens to make micro-payments for access. We are very proud of the support by Futec International and look forward to opening up support to the public through our Initial Coin Offering (ICO) targeted for September 1," says Benny Pang, Chairman of the Ammbr Foundation. Benny Pang previously served as the chief counsel at Tencent Holdings Limited and currently is an acclaimed corporate IPO attorney in Hong Kong.
About the Futec International Group:
The Futec International Group is the offshore financial services arm of the HeungKong Group. HeungKong Group was established in 1990 and after more than two decades' development, its businesses now cover several major areas including trade and logistics, property development, finance and investment, resources and energy and health, etc. It has been selected as one of the top 50 Private Enterprises in Mainland China. The founder of the group ranked 205th on The China Rich list compiled by Forbes in 2016.
About Ammbr:
The Ammbr Foundation is based in Singapore, with technology development partners in the United States, Ireland, Belgium, Switzerland and Hong Kong. For more information about Ammbr, please visit www.ammbr.com.
Note to editors: Ammbr is pronounced the same as "Amber". "Ammbr" refers to the Ammbr Foundation and Ammbr products and technology. "AMMBR" refers to the cryptographic tokens used.
For further information and the official Ammbr whitepaper, visit www.ammbr.com.
