KVB Kunlun and Chinese CITIC Securities Formally Conclude Purchase
- The companies announced the completion of the deal, with CITIC agreeing to pay $100 million for almost 60% of KVB Kunlun
KVB Kunlun and Chinese company CITIC Securities announced earlier today that they had completed the transaction announced in February this year, where the latter bought almost 60% of the outstanding shares of the publicly listed Honk Kong-based broker for $100 million (HK$780 million).
As per the agreement, all outstanding options on the shares of KVB Kunlun have been cancelled.
The completion took place on the 29 th of May, 2015, and according to the the share purchase agreement, CITIC bought 1,200,000,000 shares of KVB Kunlun. Now that the acquisition has been formally completed, the Chinese company will have to make an unconditional mandatory general cash offer for all the issued KVB shares.
The current float of the company is trading at around HK$1.73, which is about two and a half times higher than prior to the publication of CITIC's letter of intent (LOI) to buy the shares.
After Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term returned to the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term markets in September last year, the earnings of KVB Kunlun shot through the roof. The firm reported record numbers for the second half of 2014, and if other firms are any indication, its first and second quarters shouldn't fall far behind.
KVB Kunlun and Chinese company CITIC Securities announced earlier today that they had completed the transaction announced in February this year, where the latter bought almost 60% of the outstanding shares of the publicly listed Honk Kong-based broker for $100 million (HK$780 million).
As per the agreement, all outstanding options on the shares of KVB Kunlun have been cancelled.
The completion took place on the 29 th of May, 2015, and according to the the share purchase agreement, CITIC bought 1,200,000,000 shares of KVB Kunlun. Now that the acquisition has been formally completed, the Chinese company will have to make an unconditional mandatory general cash offer for all the issued KVB shares.
The current float of the company is trading at around HK$1.73, which is about two and a half times higher than prior to the publication of CITIC's letter of intent (LOI) to buy the shares.
After Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term returned to the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term markets in September last year, the earnings of KVB Kunlun shot through the roof. The firm reported record numbers for the second half of 2014, and if other firms are any indication, its first and second quarters shouldn't fall far behind.