LeapRate has learned that Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a profit warning for its upcoming Q3 results announcement. In a formal statement issued with the Hong Kong Exchange HKEX, KVB Kunlun stated that based on a preliminary review by the Board of Directors of the Company…
Read moreKVB 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.
Read moreAfter 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%…
Read moreIt appears, at least for the time being, that CITIC is content with staying at a 59% holding in KVB
Read moreInvestors seem to be reversing on their bet that CITIC Securities might make an enhanced offer to KVB's minority shareholders.
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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