LHKX PLC gets FSA approval
(firmenpresse) -
LHKX PLC gets FSA approval
London 21stFebruary 2011, London Hong Kong Exchange Plc (“LHKX PLC”) confirms that it has concluded the acquisition of the UK company Orange Corporate Finance Ltd, which is regulated by the UK Financial Services Authority (FSA). On 18th February 2011, the FSA confirmed their approval of the change of control of the Orange Corporate Finance Ltd.
During the past months extensive progress has been made with regard to integration planning. In the short term Orange Corporate Finance Ltd will change its corporate name and new directors will be appointed.
The acquisition of this UK regulated company is an important milestone for LHKX PLC, as it provides LHKX PLC with the crucial platform from which it can develop the requisite regulatory environment to enable the launch its various LHKX products and services. In addition, LHKX PLC is now in the position to accelerate the development and launch of the planned white label trading platform in partnership with Saxo Bank.
LHKX CEO Wayne Lochner commented : “This is a significant 2011 first quarter development for LHKX PLC and is a concrete demonstration of LHKX’s ambitions. The acquisition of this FSA regulated firm provides the regulatory foundation from which the company can now reach to achieve its ambitious development plan. We expect to continue to reach significant business milestones throughout 2011 and make LHKX a stand out performer in the market”.
About LHKX PLC
London Hong Kong Exchange Plc (“LHKX”) is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products to empower the qualified investor. LHKX’s strategy is to give the investor control over their investments. http://www.lhkx.com.
For further queries please contact:
LONDON HONG KONG EXCHANGE PLC
37th Floor
One Canada Square
Canary Wharf
London E14 5AA
United Kingdom
Tel: +44 20 7 193 3853
Email: press(at)lhkx.co.uk
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Leseranfragen:
LONDON HONG KONG EXCHANGE PLC
37th Floor
1 Canada Square
Canary Wharf
London E14 5AA
Tel: +44 20 7 193 3853
Email: press(at)lhkx.co.uk
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Sprache: Deutsch
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