TS’O gave the customers false receipts and the additional amount they paid went into his pocket. Subsequently, TS’O was convicted of seven counts of fraud on 7 January 2019. On 21 January 2019, he was sentenced to six months imprisonment, he was also suspended for two years and was ordered to make restitution to the…
Read moreThree of KVB's directors announced the exercising of all of their share options at a price of HK$0.414 per option.
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 moreThe investment giant did not change its mind and today made an offer of HK$0.65 per ordinary share of the retail FX broker, valuing its entire share capital at HK$1,313,858,000.
Read moreThe sale of shares to CITIC Securities represents 60% of the 2,000,000,000 KVB shares in current issue of KVB Kunlun, with CITIC Securities providing an offer of HK$780,000,000 for the transaction
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 moreCITIC Securities is a leading full service investment bank in China
Read moreCITIC is a unit of Chinese sovereign wealth fund, will focus on trading emerging FX, Renminbi Just a week after former CEO of FX Concepts John Taylor has announced that he is going back to business, two other executives, namely Robert Savage and Ron DiRusso have announced that they are starting their own venture. More…
Read moreChina Forex market continues to be a focus for the world's leading Forex brokers. Breaking news.... Forex industry leader FXCM has announced a new partnership with CITIC Newegde Futures, a key player in the China Futures market, to to open a new gateway for FXCM's forex platform in China. The agreement includes the formation of an investor-oriented educational…
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