After signing a three-year software license agreement with Banclogix in December last year, Hong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) today announces an expansion of the partnership via a new deal – New Information Technology Services Agreement.
The term of the new deal is from April 19, 2016 to December 31, 2018, both dates inclusive.
Under the terms of the new agreement, Banclogix will provide software development and maintenance services, information technology infrastructure project management services and information technology infrastructure maintenance services to KVB.
Banclogix is principally engaged in the provision of information technology services and is a wholly-owned subsidiary of KVB Holdings which is principally engaged in investment holding and is owned as to 75% of its equity interest by Mr. Li, a non-executive Director, and 25% of its equity interest by the Administrators (Mr. Li and Mr. Chan Man Fai).
For the full announcement on the collaboration, click here.