Hong Kong retail forex broker KVB Kunlun looks to expand both its online and physical presence into mainland China.
We had reported back in December that KVB Kunlun (HKG:8077) had announced plans to open an office in mainland China, in the southern city of Zhuhai. KVB has now announced that they have indeed received a business license for its new PRC company, Zhuhai Hengqin Kunlun Financial Exchange Limited. It is expected that KVB will begin operating its new China office shortly.
KVB has struggled somewhat since going public last summer, but has since its share price bounce back nicely since announcing last week that it will show a profit for the 2013 year.
KVB is expected to announce its complete 2013 results in the coming days. Stay tuned to LeapRate for details…
To see the KVB press release on its China business license click here (pdf).