KVB Kunlun's share price down 11% on disappointing CITIC offer
Shares in KVB lost 11% today, closing at their lowest level since end of March 2015, as investors reacted to CITIC's offer for the rest of the broker's capital.
Read moreShares in KVB lost 11% today, closing at their lowest level since end of March 2015, as investors reacted to CITIC's offer for the rest of the broker's capital.
Read moreCITIC Securities still has to make an unconditional mandatory cash offer for all of KVB Kunlun's issued share capital.
Read moreRetail forex brokers seem to have had healthy volumes in Q1. But that didn't necessarily translate into revenues and profits.
Read moreKVB Kunlun Financial Group Ltd (HKG:8077), the Hong-Kong focused retail Forex broker, today announced the appointment of Octal Capital Limited as an independent financial adviser on its deal with CITIC Securities Company Limited (SHA:600030). Octal Capital Limited, which has licenses to carry out Type 1 (dealing in securities) and Type 6 (advising on corporate finance)…
Read moreInvestors seem to be reversing on their bet that CITIC Securities might make an enhanced offer to KVB's minority shareholders.
Read moreKVB shares restart trading Friday on the HKEx at a price more than double CITIC's existing HK$0.65 per share offer.
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