New Zealand FMA files proceedings against CLSAP NZ for anti-money laundering breaches LeapRate

June 23, 2020 BY Steffy Bogdanova

New Zealand FMA files proceedings against CLSAP NZ for anti-money laundering breaches

The FMA has filed action against the company in High Court at Auckland and is seeking monetary penalty. Nick Kynoch, FMA General Counsel, said: The anti-money laundering legislation is a cornerstone to protecting the integrity of New Zealand’s financial system and it’s imperative that financial services firms ensure they are compliant. The regime has been…

December 21, 2018 BY Valentina Kirilova

New Zealand FMA warns against ZonggangCaifu

The Financial Markets Authority (FMA) has just issued a public warning against a scam company called ZonggangCaifu. ZonggangCaifu Website: www.zgtra.com ; www.zgangfx.com ; www.zongforex.com Reason for warning: ZonggangCaifu is not registered, licensed, or regulated in New Zealand as claimed on its websites. The financial service provider registration numbers of FSP1782, FSP1762, FSP488226 and FSP536586 displayed…

November 10, 2016 BY LeapRate Staff

KVB Kunlun shares fall 6% as company reports 20% drop in Q3 Revenues

Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) reported its Q3 results, and they were not pretty. And the stock market responded in kind. After seeing its business shrink by 21% in Q2, KVB saw its revenues plummet another 20% in Q3 to HK$ 66.6 million (USD $8.6 million) - its…

April 19, 2016 BY Maria Nikolova

KVB Kunlun enters into new technology agreement with Banclogix

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…

February 02, 2016 BY Maria Nikolova

KVB Kunlun issues positive profit alert for 2015 thanks to higher trading volumes

Hong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) today issued a positive profit alert for the full year to December 31, 2015, on the back of increased trading activity. In today's announcement, the Board forecasts that broker will register “a significant increase in profit attributable to equity holders of the Company for the…

October 27, 2015 BY Maria Nikolova

KVB Kunlun forecasts steep jump in profits in 9-mo 2015

Hong Kong retail Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has earlier today published a profit warning for the nine-month period till September 30, 2015. The Board informs the shareholders that after a review of the corporate accounts for the first nine months of 2015, profits attributable to shareholders of the broker for the…

July 13, 2015 BY Maria Nikolova

KVB Kunlun expects sixfold rise in profit in H1 2015, shares go up

The Hong Kong retail Forex broker forecasts its profits for the first six months of 2015 will surge to HK$35 million ($4.52 million), exceeding nearly six times the result of HK$5.85 million recorded a year earlier.

July 08, 2015 BY LeapRate Staff

Bleeding continues at KVB Kunlun, shares down 16% to lowest level in 2015

KVB shares actually trade on Wednesday as low as HK$0.60 per share - below the HK$0.65 which CITIC paid for control of the company.

July 06, 2015 BY LeapRate Staff

KVB Kunlun shares down (another) 27% Monday as traders dump stock

After a week which saw its shares fall 16% (culminating a 29% drop since early June), things didn't get better today as Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) saw its shares in freefall on Monday in HKEx trading. KVB shares dropped from Friday's close of HK$1.25 by more than 27%…

July 04, 2015 BY LeapRate Staff

KVB Kunlun shares collapsing after CITIC Securities offer expires

It appears, at least for the time being, that CITIC is content with staying at a 59% holding in KVB

Tag: KVB Kunlun