KVB 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.
Read moreKVB last traded on January 29 at HK$1.41 per share, well above the HK$0.65 offer CITIC intends to make to public shareholders.
Read moreKVB Kunlun Financial Group Ltd (HKG:8077), the Hong Kong-focused retail Forex broker, issued an update on trading in its shares earlier today. No major piece of news was announced, with the broker simply stating that trading in its shares will remain suspended until it prepares the official release of a deal with the purchaser. KVB…
Read moreChina's CITIC has agreed to buy Li Zhi Da's 60% stake in KVB. Next - an offer for the public shareholders.
Read moreAs Hong Kong-focused FX brokerage KVB Kunlun turns its fortunes around from a loss six months ago into profitability, share prices rally 69% in one week, with a 22.07% rise over the last 24 hour period
Read moreHong Kong based retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) saw its shares skyrocket more than 13% on Monday after the company provided an upbeat update on its Q4 and full year 2014 financials. As we reported yesterday, without giving specifics KVB stated that it will see a nice increase in Revenues for…
Read more... however the company did not really tell us anything we didn't already know.
Read moreNearly two months after it had first reported that an acquirer had emerged to make a HK$0.65 bid for the company, Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has provided an update, and in truth it isn't much of one. KVB has made a further filing with the Hong Kong Exchange (HKEx)…
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