Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced that it has received approval from regulatory authorities to move its share listing from the “Growth Enterprise Market” (or GEM) to the HKEX Main Board. KVB shares will begin trading on the HKEX Main Board as of next Friday, December 15. Shares of KVB more than doubled…
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Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced the resignation of an executive director, and a change in its Compliance Officer and authorised representative. Reference is made to an announcement KVB Kunlun dated 18 August 2017 in relation to the resignation of Mr. Ng Chee Hung Frederick as the executive…
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Forex Industry News this past week was dominated by a number of new partnerships and agreements. Former competitors cooperating. FX liquidity agreements. Expansion to China. This week had it all, and you read about it exclusively or first at LeapRate. Where did Gain Capital Holdings Inc (NYSE:GCAP) go for its new COO? How are former…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has released its third quarter financial report, with the company seeing record Revenues and significantly improved profitability so far in the second half of the year. In Q3, KVB Kunlun reported total Revenues of HK$181.5 million (USD $23 million), up 38% from Q2's HK$131.5 million.…
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Once again, all the key Forex Industry News stories appeared this past week only at LeapRate. (Or, were soon after copied by other blogs :-) ). Which longtime IG Group Holdings plc (LON:IGG) executive was hired as the new CEO of leading Australia Retail FX broker Pepperstone? Which major city held a coordinated police raid on…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement indicating that its net earnings for Q3 will be significantly higher that Q2, and also as compared to the corresponding Q3 period last year. In response, KVB shares popped today in HKEX trading, up 16% to HK$ 0.74. KVB shares…
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After experiencing a steady decline for the past 18 months, shares of Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:8077) more than doubled in Thursday trading. KVB shares closed at HK$ 0.82 Thursday, after sitting at just HK$ 0.40 on Wednesday. The big move, up to a new 52-week high for…
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It looks like the Q2 results profit warning issued by Hong Kong based retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) was something of a head-fake. While required by Hong Kong Exchange rules since overall, the company's first half 2017 results were significantly down from first half 2016, KVB actually had a much-improved second…
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In one of the more interesting Forex Industry News weeks of the year, we reported on angry clients taking employees of a Forex brokerage hostage in Shanghai - an episode which lasted a full five days. We also had more standard stuff - FX broker results and analysis, a major Forex Sports Sponsorship announced, management…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that it expects to record a significant decrease in net profit for the first six months of 2017, as compared to the net profit recorded for the six months ended 30 June 2016. Profit warnings have become something of…
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