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 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 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)…
Read moreNearly a month after it had 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 finally provided an update, and in truth it isn't much of one. KVB has made a further filing with the Hong Kong Exchange (HKEx)…
Read moreBreaking Forex News... The next step in the KVB Kunlun sale saga has taken place, with the company disclosing some important - yet surprising - information. Specifically, KVB's major shareholder, Mr. Li Zhi Da, has agreed to tender most of his 75% stake in KVB to a still unnamed acquirer for HK$0.65 per share, valuing…
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