CITIC Securities going to buy 60% of issued share from the retail Forex broker KVB Kunlun

KVB Kunlun Financial Group Ltd, the retail Forex broker made an official announcement regarding an agreement with CITIC Securities Company Limited on a deal which was reached on January 29, 2015 that will see 60% of KVB's issued shares get sold to the Chinese investment bank. Talks have been going on between the two companies at least since November 2014, and the potential investor agreed to pay HKD 50 million to have the exclusive right to discuss a deal for 70 days. The exclusivity period expired on January 28, 2015.

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